PPP fraud in NC jumps to nearly $40 million after Mooresville man prosecuted | Eastern North Carolina Now

Since the start of the pandemic in March 2020, at least 50 individuals have been prosecuted for pandemic relief fraud in N.C., totaling up to nearly $40 million in COVID-19 relief fraud.

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    Publisher's Note: This post appears here courtesy of the Carolina Journal. The author of this post is Kevin Garcia-Galindo.

    Since the start of the pandemic in March 2020, at least 50 individuals have been prosecuted for pandemic relief fraud in N.C., totaling up to nearly $40 million in COVID-19 relief fraud.

    The most recent North Carolinian to be federally charged is Steven Andiloro, 51, from Mooresville.

    According to a press release from the United States Attorney's Office in the Western District of N.C., Andiloro was charged with having connections to an alleged investment fraud scheme and also fraudulently obtaining more than $2.6 million in COVID-19 relief funds.

    The allegations in the indictment try to prove that Andiloro operated an investment fraud scheme in which he induced people to invest their money in businesses that were non-existent. Andiloro made false statements and promises about where the money invested would go and then instead used the funds for personal expenses and other Ponzi-type payments to others invested.

    For example, he allegedly told some of his investors that they would be investing in a marijuana dispensary business in exchange for a ten percent ownership in the business.

    From then on, Andiloro filed fraudulent applications to obtain funds from the Paycheck Protection Plan (PPP) from April 2020 to March 2021. His application for his business included fake employment data, inflated revenues, cost, and payroll expenses which incorrectly caused him to obtain more than $2.6 million in fraudulent PPP funds.

    The maximum sentence that Andiloro could receive would be a prison sentence of 20 years and a $250,000 fine for each offense, including securities fraud and wire fraud as well as for money laundering which separately carries a maximum penalty of 10 years.

    According to communications from the western, middle, and eastern districts of North Carolina's U.S. attorney's office, of the 50 individuals charged with PPP fraud, at least 17 have been convicted and sentenced to a combined 108 years and nine months in prison.

    So far, in the Western district, 23 individuals have been charged with fraud, totaling more than $13.4 million. Only four individuals have been identified in the middle district totaling over $3.3 million, and 23 individuals have been charged in the Eastern District, totaling $22 million, according to Center Square.

poll#177
Considering the irrefutable fact that the Left /the Democratic Socialists, beginning in March of 2020, employed the repetitive use of the Covid Pandemic as a political cudgel to wrest a presidential election, where their candidate rarely left his basement, from a frightened and beaten down citizenry of this Representative Republic: What does your knowledge NOW, in hindsight, aid in your understanding of the motives of the Authoritarian Left?
  The "Left" cares about all Democratics, so it was imperative that we do whatever it took to elect a lifelong politician to become that Democratic Socialist to forever change US.
  Pandemics are serious business, where our leaders must use wisdom and practicable efforts of all that serve to protect the public from not only the pandemic, but these ignoble usurpers of the Left.
  I lost almost everything in the Covid Pandemic, and I want justice; a justice where only the truth prevails, and the rampant fraud that is now legend is remedied.
160 total vote(s)     What's your Opinion?


poll#170
Considering what has happened to our Representative Republic since the corruptive orthodoxy that led to the tolerated abomination - The Russia Hoax - where felonies were perpetrated upon the American People by the creation of the Two Tiered Justice System, in the misnomer of "Social Justice:" Where do you stand on sustaining our constitutionally guaranteed freedoms in a society where injustice is chronically sanctioned by one political orthodoxy?
  I believe in a perfected society by employing a higher governmental authority to train the behavior of the public.
  The United States Constitution does not allow just a few freedoms, it guarantees ALL freedoms promised to Humankind by God.
  Just don't take away my Social Media.
420 total vote(s)     What's your Opinion?

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