The Justice Department’s National Fraud Enforcement Division announced the arrest of Terry Lynn Williams, a 47-year-old woman from Little Rock, AR, for schemes that attempted to defraud over $4.6 million in taxpayer-funded COVID-19 relief programs.
Williams was charged with one count of conspiracy to commit wire fraud, in violation of Title 18, United States Code, Section 1349, and one count of wire fraud, in violation of Title 18, United States Code, Section 1343.
According to the indictment, from approximately April 2020 to July 2022, Williams and her co-conspirators submitted false claims to the Small Business Administration (SBA) for Economic Injury Disaster Loans (EIDL) and Paycheck Protection Program (PPP) loans, totaling over $4.6 million.
The indictment alleges that Williams and her co-conspirators used the stolen funds to purchase luxury items, including a 2020 Chevrolet Corvette, a 2020 Ford F-150, and a 2019 Ford F-350.
Williams was arrested on February 27, 2024, and is currently being held in the Pulaski County Detention Center pending trial.
Prosecutors are seeking a sentence of up to 30 years in prison, a fine of up to $1 million, and a term of supervised release of up to 3 years.
The case is being prosecuted by Assistant U.S. Attorney Katie T. Vance of the United States Attorney’s Office for the Eastern District of Arkansas and Trial Attorney Matthew J. Koder of the National Fraud Section’s COVID-19 Hoax and Scam Task Force.
The investigation was conducted by the FBI’s Little Rock Field Office, with assistance from the SBA Office of Inspector General.
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Key Facts
- State: Arkansas
- Agency: DOJ USAO
- Category: Fraud & Financial Crimes
- Source: Official Source â†â€â€ÂÂ
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