US man faces prison term for $2.6 million COVID-19 relief fraud

Robert Besser
21 Sep 2022, 12:44 GMT+10

A Florida man, Daniel Joseph Tisone from Naples, has pleaded guilty to stealing COVID-19 relief funds worth more than $2.6 million
Court documents showed that Tisone pleaded guilty in the Fort Myers federal court to wire fraud, bank fraud, illegal monetary transactions and possession of ammunition by a convicted felon
He is scheduled to be sentenced on 5th December and could face up to 60 years in federal prison

FT. MEYERS, Florida: A Florida man, Daniel Joseph Tisone from Naples, has pleaded guilty to stealing COVID-19 relief funds worth more than $2.6 million.

Court documents showed that Tisone, 35, pleaded guilty in the Fort Myers federal court to wire fraud, bank fraud, illegal monetary transactions and possession of ammunition by a convicted
felon.

He is scheduled to be sentenced on 5th December and could face up to 60 years in federal prison.

According to court documents, between March 2020 and April 2021 Tisone submitted false and fraudulent applications to the the U.S. Small Business Administration and banks for various types of loans.

The government also alleges that Tisone's applications contained false information about his criminal history, average monthly payroll, number of employees and gross revenues, as well as false payrolls, tax documents and commercial leases.

He subsequently received loans totaling more than $2.6 million, including one Main Street Lending Program loan, four Economic Injury Disaster loans and five Paycheck Protection Program loans.

The Paycheck Protection Program handed out billions of dollars in small-business loans for Americans struggling from the repercussions of the COVID-19 pandemic.

The Economic Injury Disaster Loan program aimed to provide economic relief to small businesses experiencing a temporary loss of revenue.

The Main Street Lending Program sought to support small and medium-size businesses and their employees across the U.S. during the COVID-19 pandemic.

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Nigeria Sun.

More Information

27 ℃

Fair in Cotonou

International

Section

Bus carrying high school band crashes in New York, two dead

LONG ISLAND, New York: On Thursday, a bus carrying members of a high school marching band traveling to a music ...

US children, age 10, 11, stopped while driving 200 miles from home

GAINESVILLE, Florida: Local police report stopping children, ages 10 and 11, who had driven their family car 200 miles, in ...

96-year-old US judge barred from hearing cases for mental incompetence

Washington, D.C.: This week, the U.S. Court of Appeals for the Federal Circuit suspended 96-year-old Judge Pauline Newman from hearing ...

Former US congressman jailed for 22 months in insider trading case

NEW YORK: On Tuesday, former U.S. Congressman Stephen Buyer was sentenced to 22 months in prison for trading on inside ...

West Point sued for admission policy by US anti-affirmative action group

NEW YORK: This week, the Virginia-based Students for Fair Admissions, founded by affirmative action opponent Edward Blum, sued the U.S. ...

UK firm sold parts to jet engine maker with forged paperwork

LONDON, U.K.: Jet engine maker CFM International said this week that thousands of engine components may have been sold with ...

Africa

Section

Medics: Hundreds Dead From Dengue Fever in War-Torn Sudan

Port Sudan, Sudan - Outbreaks of dengue fever and acute watery diarrhea have 'killed hundreds' in war-torn Sudan, medics reported ...

Nigerian President Orders Rescue of Kidnapped Female Students

Abuja, Nigeria - Nigerian President Bola Tinubu has ordered security forces to rescue an unspecified number of female students being ...

EAM Jaishankar, UN Chief discuss how India's G20 Presidency contributed to strengthening UN's sustainable development agenda

New York [US], September 26 (ANI): External Affairs Minister S Jaishankar on Monday (local time) met United Nations Secretary-General Antonio ...

EAM Jaishankar, UN Chief discusses how India's G20 Presidency contributed to strengthening UN's sustainable development agenda

New York [US], September 26 (ANI): External Affairs Minister S Jaishankar on Monday (local time) met United Nations Secretary-General Antonio ...

Pentagon Chief in Kenya for Defense Talks

U.S. Defense Secretary Lloyd Austin traveled Monday to Kenya for talks with defense officials about security and counterterrorism.Before departing for ...

Jaishankar holds bilateral with Madagascar counterpart, to address UN General Assembly tomorrow

New York [US], September 25 (ANI): As part of a series of bilateral meetings on the sidelines of the 78th ...