Natalia Chi
A Brooklyn (Brooklyn) man was arrested a few days ago for submitting false information to apply for the Paycheck Protection Program (PPP) during the new crown epidemic, defrauding nearly $2 million, and squandering on luxury car purchases, pleaded guilty to wire fraud, and was sentenced to six years in prison by a federal judge in the Eastern District of New York on the 5th.
According to government regulations, PPP is to help companies affected by the epidemic to pay employee wages, rent, utility bills, mortgage interest, etc., so that they can maintain business hours for two months and keep employees from working.
But Leon Miles, 53, falsely claimed in 2020 that he was the owner of a Brooklyn-based Macon LLC company with 50 employees who paid an average monthly salary of $761,838; in May of the same year, he used false information Successfully applied for a PPP loan of $1,904,593, which was directly deposited into his personal account by the federal government.
Within a few days, he spent hundreds of thousands of yuan, first spending 250,000 yuan on a white Bentley sedan, and then 100,000 yuan on a Cadillac car, and posted photos of the car to show off on personal social media. ; After investigation, it was found that his past tax returns showed that the company had no revenue and did not submit a 2019 salary payment report, and the company address was his home.
Myers pleaded guilty to the charges. The case was heard in federal court in the Eastern District of New York on the 5th. Judge Brian M. Cogan sentenced him to six years in prison and ordered the return of the $1.9 million in bailout money, including the luxury car.
