Tag: Small Business Administration
James Robert Smith, COVID Relief Fraud, Louisiana 2020
⏱ 2 min read A slick New Orleans businessman swindled the government out of $712,212 in COVID-19 relief funds, claiming his struggling bed and breakfast had raked in over $425,000 in 2019. Arthur Allen, 53, pleaded guilty to providing a false statement to a federal agency on April 22, 2026, before U.S. District Judge Jay…
Robert Lee, PPP Loan Fraud, California 2020
⏱ 2 min read A Louisiana-based company, RelyOn Nutec USA LLC, has been caught red-handed in a massive PPP loan scam in Massachusetts. The firm, a subsidiary of a Denmark-based global company, received a second draw PPP loan worth $1.3 million in January 2021, despite having over 300 employees and thus being ineligible for the…
Gladys Louise Stephenson, PPP Loan Fraud, Illinois 2022
⏱ 2 min read A Chicago woman’s brazen scam to swindle nearly $20,416 from the Paycheck Protection Program landed her a federal prison sentence. Gladys Louise Stephenson, 48, made false statements to the Small Business Administration to secure a PPP loan, claiming her sole proprietorship raked in nearly $100,000 in gross income. She spent the…
No defendant name available, “Missouri Company Repays Pandemic Loan, Missouri 2020
⏱ 2 min read A Missouri manufacturer, VSM Abrasives Corp., has agreed to repay $2.2 million for a pandemic-era loan the company allegedly obtained by lying about its employee headcount. The loan, worth $2 million, was part of the government’s Paycheck Protection Program, designed to save jobs and provide relief to small businesses affected by…
Erica McMillian, Wire Fraud, North Carolina 2022
⏱ 2 min read A brazen COVID-19 cash scam unraveled in Robeson County, North Carolina, with a 46-year-old woman getting 10 months in the slammer. Erica McMillian, a mother of two, was part of a family operation that bilked the Small Business Administration out of $542,288 in fake loans. McMillian’s husband, Ricky, a 50-year-old former…
