Man Who Admitted To Participating In Bogus COVID Loan Program Sentenced To Jail | Crime News
A man from Tulsa who admitted to submitting a bogus application for a government business loan related to COVID-19 was sentenced to jail on Monday.
U.S. District Judge Gregory Frizzell sentenced Adam Winston James, 45, to two years in prison after pleading guilty in June to aggravated identity theft as part of a scheme to fraudulently obtain a protection program loan paychecks.
“The US attorney’s office and our federal partners will hold individuals like Adam James responsible for stealing pandemic relief funds paid for by US taxpayers,” said US Attorney Clint Johnson. “Today’s conviction reflects the government’s determination to denounce and prosecute criminals who take advantage of national emergencies to enrich themselves personally.
Federal prosecutors indicted James and Rafael Maturino, 41, in late 2020 as part of a scheme to obtain PPP loans from banks in the region.
Maturino was sentenced on June 1 to one year and one day in federal prison after pleading guilty in March to bank fraud after illegally receiving nearly $ 100,000 in PPP loans.
In James’ case, filed separately, he admitted to using the identities of five people to apply for PPP loans from a bank in the area, mistakenly claiming that a company James was affiliated with employed the people.