Florida man convicted of obtaining fraudulent $ 921,000 COVID-19 relief loan – Boston 25 News


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MIAMI – A Florida man has been sentenced to 42 months in prison for fraudulently obtaining more than $ 921,000 in loans under a paycheck protection program guaranteed by the US Small Business Administration.

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According to a Press release of the United States Attorney’s Office for the Southern District of Florida, Carlos Vazquez, 57, of Miami, was convicted Wednesday and is due to pay $ 921,875 in restitution. After his prison sentence, Vazquez will have a three-year supervision period.

On September 13, 2021, Vazquez pleaded guilty to conspiring to commit electronic fraud, the communicated.

According to court documents, Vazquez secured a PPP loan worth $ 921,875 for his company, Big League LLC. The business was dormant when the COVID-19 pandemic began, but in his loan application, Vazquez said the business had 64 employees and had a payroll of $ 4.425 million in the year of tax 2019, Miami Herald reported.

According to court documents, Vazquez admitted to submitting fraudulent tax documents and false information about the company.

According to online archives, Vazquez registered Big League LLC with the Florida state May 23, 2016 Herald reported. Vazquez has not filed an annual report for the Big League and has never registered to file taxes with the Florida Department of Revenue, according to the newspaper.

Court documents detailing Vazquez’s guilty plea noted that the Big League was not operating as of February 15, 2020. However, when economic aid programs were introduced, Vazquez re-established the company with the state on February 24, 2020. June 2020. Five days later, he opened a bank. company account, and he applied for a PPP loan the next day, according to the Herald.

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