“Daniel Joseph Tisone severely abused 3 federal systems that used taxpayer dollars to help small businesses suffer from the pandemic,” Special Inspector General for Pandemic Recovery Brian Miller said in a statement. “SIGPR is pleased to have played a vital role in partnering with other law enforcement agencies and the U. S. Attorney’s Office to hold Mr. Tisone accountable. “
Tisone submitted fake and fraudulent programs to the Small Business Administration and banks various other types of loans between March 2020 and April 2021, according to the documents. Prosecutors said the applications contained false data about Tisone’s scammer history, average payroll per month, number of workers and gross income. Tisone also filed false payroll and tax documents, as well as a fake advertising lease, investigators said.
2-YEAR-OLD FLORIDA BOY FOUND SAFE 24 HOURS AFTER DISAPPEARING DURING SUM: ‘IT’S A MIRACLE’
A Florida man has been sentenced to seven years for $2. 6 million COVID-19 relief fraud. (Fox News)
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Tisone won one Main Street Loan Program loan, 4 Economic Disaster Loans and five Paycheck Protection Program loans, totaling more than $2. 6 million, the government said. Tiara 34LS boat, a 4. 02 carat engagement ring and ammunition. As part of his plea deal, Tisone will have to pay the cash and seize the houses, boat and ring.
The paycheck hedging program amounts to billions of dollars in repayable small business loans for Americans suffering due to the COVID-19 pandemic. The cash must be used to pay employees, interest on loans, rents and utilities. This is a component of the coronavirus relief program that has become federal law in 2020.
The Economic Disaster Loan Program is designed to provide financial assistance to small businesses that revel in a transient loss of income. The Main Street Loan Program was designed to provide assistance to small and medium-sized businesses and their workers in the United States during the pandemic.