Man Forges ‘Game of Thrones’ Firms to Get $ 6 Million in COVID Loans
Everyone is desperate for a little extra cash these days, from people who have lost their jobs due to the pandemic to businesses trying to stay afloat after months of foreclosures that crippled their operations. In March, the government announced the Paycheque Protection Program (P3), offering small businesses with funds to cover eight weeks of pay, authorizing up to $ 659 billion for job retention and other expenses. But some people seem to have gotten a little greedy when it comes to these PPP loans. North Carolina man is now in legal trouble after seeking coronavirus relief funds using bogus companies named after Game of thrones.
Tristan pan, a 38-year-old man living in North Carolina, reportedly searched for over $ 6 million in PPP loans use fake Game of thronesaccording to the Department of Justice, companies based on the name of The Night’s Watch, White Walker and Khalessi, as well as a bogus Pan Insurance Agency.
Pan reportedly submitted 14 PPP loan applications for more than $ 6.1 million in coronavirus aid and received $ 1.7 million through approved loan applications for the fictitious Pan Insurance Agency and White Walker, LLC . According to his indictment, he made “false statements about employees and company salary expenses”, which were apparently supported by “false documents, including falsified tax returns”.
Pan has since been charged with wire fraud, bank fraud and participation in illegal money transactions after an investigation by the US Treasury Inspector General for Tax Administration, the Office of the Inspector General of the Federal Deposit Insurance Corporation and the FBI, with assistance from the Office of the Inspector General of Small Business Administration.
These PPP loans that Pan requested were created by the CARES law, a federal law that was enacted on March 29 to help provide emergency financial assistance to millions of Americans in the face of economic suffering following the coronavirus pandemic. According to the Justice Department, PPP loans, which businesses should only use for “salary costs, mortgage interest, rent, and utilities,” are a source of CARES law coronavirus relief. .
But Pan is not the only one to have been illegally accused trying to get relief from the coronavirus. At a press conference on September 10, the Acting Deputy Attorney General Brian Rabbit said more than 50 people allegedly attempted to commit fraud net more than 175 million dollars from the CARES law through PPP loans. He said the actual loss was over $ 70 million.
“PPP funds were meant to help American businesses stay afloat. They were meant to help ordinary and ordinary Americans pay their bills and put food on the table,” Rabbitt said. “The money these defendants stole was taxpayer money; every dollar received was a dollar taken out of the American people’s account. Worse, every dollar they took was a dollar set aside to help our compatriots Americans to overcome one of the worst national crises in recent history. ” But if you’re looking to make money the right way, check out This is the state where you can earn the most money.