A Baltimore man faces federal charges for allegedly filing fraudulent relief loan applications and stealing the identity of a tax preparer.
Baltimore man accused of forging PPP loan and EIDL loan application
The 37-year-old defendant, Dana Lamar Antonio Hayes Jr., is alleged to have filed forged tax documents, fraudulent applications for economic disaster relief loans and applications for protection loans from the payment check program of the CARES Act on behalf of your recently revised company. The grand federal jury returned the charge on federal charges of electronic fraud, money laundering and aggravated identity theft.
The indictment was returned unsealed
The indictment of six charges stated that between March 2020 and October 2021, Hayes filed several fraudulent applications for economic disaster relief loan (EIDL loan). He also submitted several loan applications for the Payment Check Protection Plan (PPP Loans) to the Small Business Administration (SBA) and two financial institutions listed as unnamed banks.
The indictment was announced by U.S. Attorney for the Maryland District, Erek L. Barron, along with special agents in charge of the FBI’s Thomas J. Sobocinski and the IRS’s Darrell J. Waldon.
Defendant “regularly contacted the SBA” for loan approval
A statement released by the Justice Department went into more detail about the case, saying, “Specifically, the indictment alleges in March 2020, Hayes filed a fraudulent EIDL loan application on behalf of his company previously. confiscated and recently revised, D&L Investment Properties Inc. The EIDL loan application allegedly contained false statements about D&L’s number of employees and payroll expenses.
“Based on false and fraudulent information, the SBA approved Hayes’ EIDL application and provided loan funds to Hayes on behalf of D&L. The indictment also alleges that Hayes claimed to have company expenses of $ 15,000 and equipment costs of $ 35,000 when the company was inactive since 2019. In addition, within the EIDL application, Hayes allegedly stated that he was not on parole at the time. of the presentation.
“As alleged in the indictment, after the SBA initially denied Hayes’ EIDL application, he allegedly contacted the SBA regularly to approve his EIDL application. Once the application was approved and the funds were deposited into D&L’s bank account, Hayes allegedly transferred all loan proceeds from D&L’s bank account to his personal savings account.
The statement also notes that the prosecution alleges that Hayes used the name and tax identification number of the trainer of an unnamed victim to file fraudulent bank forms without the victim’s knowledge or consent. The victim had previously been hired by Hayes to prepare D&L and Hayes’ personal tax returns, but now claims they never prepared certain forms for D&L. Federal records also indicate that these forms were never filed.
Multiple possible sentences for a scammer
Hayes faces a maximum sentence of twenty years in federal prison for the charge of electronic fraud, plus ten years in federal prison for money laundering. If convicted, he will also incur a mandatory two-year federal jail term for aggravated identity theft, which must be served before any other conviction begins.
However, federal offenses do not usually receive the maximum sanctions and the federal district court judge will use U.S. sentencing guidelines and other statutory factors to determine the actual sentence.
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