A Florida man has been sentenced to six months in federal prison for lying to obtain a low-interest COVID-19 relief loan.
Willie Curry, 58, was convicted Wednesday in federal court in Miami, according to US News reporter court records.
In August, he pleaded guilty to wire fraud in connection with his fraudulent application to the US Small Business Administration.
Haitian migrants arrive in the Florida Keys Under a plea agreement, Curry applied for an Economic Injury Disaster Loan from the SBA in June 2020. He falsely claimed that Will Curry Computers was established in 2015 and had gross annual income of approximately $ 755,416, a cost of goods sold of approximately $ 170,664 and 10 employees.
Prosecutors said Curry actually established the business in 2020, and that he had minimal revenue or cost of goods sold and no employees.
Curry was actually working full-time as a network manager for Miami-Dade County and did not suffer any loss of wages from the COVID-19 pandemic, the researcher said.
Based on Curry's fraudulent application, the SBA disbursed a $ 10,000 advance and then $ 150,000 as a loan to Curry's listed financial institution, which subsequently returned the money to the SBA.
It is expected that in the next few days a court will say how long Curry will have to pay, the money that was stolen for the financing.
In addition, that he could spend a long time in jail, because the crimes he committed carry a penalty of up to five years.
Article Original From MiamiDiario