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More than $525 billion in loans under the U.S. government’s paycheck coverage program has been approved.But it’s not the first time To help companies with the COVID-19 pandemic, but a guy is accused of spending $1.5 million of that amount on a house, a yacht and a new Kia logo.
A criminal complaint that was opened Tuesday said Kenneth Gaughan, 41, of Washington, DC, was arrested and charged with fraudulently obtaining more than $ 2.1 million in loans for the PPP and crisis relief budget. economic, according to the United States Department of Justice.
The complaint alleges that Gaughan sought and received his millions of fleeting dollars by applying on behalf of several corporations that falsely claimed they signed emotional animals.He is charged with falsting bank documents and statements, and charged with a charge of bank fraud, one count of theft of government funds, an e-fraud charge and a cash laundering charge.
After receiving the money, he stated that Gaughan had used it to acquire a $300,000 yacht, a $1.13 million townhouse and a $2020 Kia Stinger of $46,000.
In addition to arresting Gaughan, the government also confiscated Gaughan’s yacht, the Stinger, and bank and investment accounts.They also recorded a civil seizure opposed to the townhouse.
The unsealed offender’s complaint also shows that Gaughan was indicted in a separate embezzlement plot.He accused stealing more than $472,000 from the Catholic Archdiocese of Washington, at least between June 2010 and April 2018.He worked there as an assistant superintendent.
The fees in the complaint, the DOJ notes, are accusations.
Gaughan is not the only user charged with the COVID-19 support budget for unrelated purchases, Business Insider has reported in the past two other people accused of fraudulently obtaining the aid budget and then cash for non-public purchases.
The first one a Florida guy who accused of buying a Lamborghini Huracan for $318,000 and having an “expense frenzy.”The moment a Guy from Texas accused of buying a Lamborghini Urus with the stolen funds, as well as funding a pickup truck, a Rolex, genuine estate and visits to nightclubs and strip clubs.
Unlike the latter two, the fares opposite Gaughan do involve a Lamborghini.Perhaps the acquisition of a million-dollar space has created a need for modesty.
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