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A Florida man has pleaded guilty to stealing more than $2.6 million in COVID-19 relief funds.
Daniel Joseph Tizon, 35, of Naples, pleaded guilty to wire fraud, bank fraud, illegal money transactions and possession of ammunition by a convicted felon in Fort Myers federal court on Monday, he said. Court documents show he faces up to 60 years in federal prison at a hearing scheduled for Dec. 5.
According to the documents, Tisone filed false and fraudulent applications with the Small Business Administration and banks between March 2020 and April 2021, seeking several different types of loans. employees and gross income. According to the allegations, Tisone also submitted false payroll and tax documents, as well as false commercial leases.
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He received one Main Street Lending Program loan, four Economic Injury Disaster Loans, and five Paycheck Protection Program loans totaling more than $2.6 million, officials said. He allegedly used the money to purchase his two homes in Naples, stocks and investment securities, a 2019 Tiara 34LS boat, a 4.02 carat engagement ring, and ammunition. As part of his plea bargain, Tizon must pay off the money and confiscate the house, boat and ring.
The Paycheck Protection Program includes billions of dollars in forgivable small business loans for Americans struggling with the COVID-19 pandemic. This money should be used to pay employees, mortgage interest, rent, and utilities. It’s part of the coronavirus relief package that became federal law in 2020.
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The Economic Injury Disaster Loan Program is designed to provide financial relief to small businesses experiencing temporary loss of revenue. The Main Street Lending Program was designed to help small businesses and their employees across the United States during the pandemic.