Headlines that Matter for Companies and Executives in Regulated Industries
Two Men Sentenced for $1.6 Million COVID-19 Fraud Scheme
On Monday, April 10, two brothers were sentenced for their participation in a COVID-19 fraud scheme. The scheme involved fraudulent applications for $1.6 million in loans through the Paycheck Protection Program (PPP).
According to court documents, Dumarsais Blaise and Alexander Blaise collaborated to submit fraudulent PPP applications. Dumarsais Blaise allegedly used his background as a tax preparer to create false tax documents that were submitted to support the fraudulent applications. As with other PPP fraud cases, the conspiracy involved fabricating information about three companies, two of which did not exist. According to the government, the Blaise brothers falsely inflated the number of employees and payroll costs for the third company.
Dumarsais Blaise was sentenced to two years and three months in prison, while Alexander Blaise was sentenced to two years and six months in prison.
DOJ’s press release is here.
https://www.jdsupra.com/legalnews/investigations-newsletter-two-men-3989991/
