jimnyc
01-10-2021, 02:53 PM
Deciding to give out loans like this without appropriate verification was insanity. There should have been at least some minimal verification, cross referencing with the IRS at least. Appears they just took the word of people and gave out a LOT of money based on the trust system - but folks knowing it would be inspected after the fact.
1st off, anytime money is involved, abuse will be involved. Said that with several things this past year. 2nd, you offer money to people in a manner that they are almost guaranteed to get it up front. No collateral or any personal guarantees needed. I can't wait to see the final tally of a number of folks who committed fraud and the total stolen. I don't know how much or if anything in some cases was needed to get the money.
In this case, this guy apparently lied about everything, and yet still got $420,000.
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Florida Nurse Allegedly Lied to Obtain $420K in Coronavirus Relief
A nurse in South Florida fraudulently obtained approximately $420,000 in coronavirus relief money, federal prosecutors allege.
“Giraldo Caraballo, 55, of Miami, made his initial appearance Friday in Miami federal court,” the Associated Press (AP) reported Saturday. (https://apnews.com/article/miami-florida-coronavirus-pandemic-8f9d3450a316c94a27dedc101b7c895c)
Caraballo is charged with “engaging in transactions in unlawful proceeds and making false statements to a financial institution,” the article continued:
Caraballo applied for and received a Paycheck Protection Program [PPP] loan on behalf of his company, Professional Skills Inc., according to a criminal complaint. He claimed the company had 28 employees and an average monthly payroll of $168,000, which investigators said was untrue. The complaint also alleges that Caraballo applied for and received approximately $55,000 in Economic Injury Disaster Loan. Instead of using the money for payroll, prosecutors said Caraballo transferred the money to other accounts and used it for personal expenses.
Rest - https://www.breitbart.com/health/2021/01/10/florida-nurse-allegedly-lied-obtain-420k-coronavirus-relief/
1st off, anytime money is involved, abuse will be involved. Said that with several things this past year. 2nd, you offer money to people in a manner that they are almost guaranteed to get it up front. No collateral or any personal guarantees needed. I can't wait to see the final tally of a number of folks who committed fraud and the total stolen. I don't know how much or if anything in some cases was needed to get the money.
In this case, this guy apparently lied about everything, and yet still got $420,000.
---
Florida Nurse Allegedly Lied to Obtain $420K in Coronavirus Relief
A nurse in South Florida fraudulently obtained approximately $420,000 in coronavirus relief money, federal prosecutors allege.
“Giraldo Caraballo, 55, of Miami, made his initial appearance Friday in Miami federal court,” the Associated Press (AP) reported Saturday. (https://apnews.com/article/miami-florida-coronavirus-pandemic-8f9d3450a316c94a27dedc101b7c895c)
Caraballo is charged with “engaging in transactions in unlawful proceeds and making false statements to a financial institution,” the article continued:
Caraballo applied for and received a Paycheck Protection Program [PPP] loan on behalf of his company, Professional Skills Inc., according to a criminal complaint. He claimed the company had 28 employees and an average monthly payroll of $168,000, which investigators said was untrue. The complaint also alleges that Caraballo applied for and received approximately $55,000 in Economic Injury Disaster Loan. Instead of using the money for payroll, prosecutors said Caraballo transferred the money to other accounts and used it for personal expenses.
Rest - https://www.breitbart.com/health/2021/01/10/florida-nurse-allegedly-lied-obtain-420k-coronavirus-relief/