Nature

Former Revere man allegedly fraudulently raised $2.5 million in COVID relief funds

Crime

The man allegedly put false information on a PPP loan application for his business.

A former Revere resident has agreed to plead guilty to filing fraudulent claims for COVID-19 relief funds that netted him $2.5 million.

Vinicius Santana, 34, now of Boca Raton, Fla., was arrested and charged with one count of wire fraud in June 2022, and is now also charged with one count of illegal monetary transactions, according to the U.S. Attorney’s Office from Massachusetts.

A plea hearing has not yet been scheduled.

According to the U.S. Attorney’s Office, Santana owned Complete Home Care LLC, a Massachusetts paint company. In April 2020, Santana submitted four different PPP loan applications on behalf of the company.

The first three requests, in which Santana allegedly listed five employees and an average monthly payroll of between $10,000 and $18,000, were denied, the statement said.

In the fourth application for the company, the U.S. Attorney’s Office alleges that Santana falsely claimed to have 154 employees and an average monthly payroll of $1 million.

On May 11, 2020, a bank granted Santana’s company a $2,500,000 loan based on the allegedly false information from the fourth request, according to the release.

After receiving the funds, according to the U.S. Attorney’s Office, Santana misused the loan proceeds to buy real estate and cars and invest in cryptocurrency.

The wire fraud charge carries a sentence of up to 20 years in prison, three years of supervised release and a fine of $250,000, or double the gross gain or loss of the scheme, whichever is greater. raised.

The illegal monetary transactions charge carries a sentence of up to 10 years in prison, three years of supervised release and a fine of $250,000 or double the value of the criminal property, whichever is greater. high.

If Santana pleads guilty as agreed, then the judge will schedule a sentencing hearing for a later date.



Boston

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