A Florida man has pleaded not responsible to financial institution fraud costs that he allegedly obtained greater than $1.5 million in PPP loans from credit score unions and banks.
A federal choose on April 1 ordered Jeremie Saintvil, 46, of Delray Seaside, Fla., to stay in federal custody on 4 felony counts of financial institution fraud, making false statements to a federally-insured monetary establishment, aggravated identification theft and making false statements.
As part of a fancy scheme to acquire greater than $1.5 million in forgivable loans, Saintvil allegedly submitted fraudulent PPP mortgage functions, in response to the U.S. Legal professional’s Gainesville workplace for the Northern District of Florida. He additionally has been accused of stealing the identities of eight aged people, seven of whom have been residents of senior residing services and one who was associated to him.
The indictment alleged that Saintvil submitted 9 fraudulent PPP mortgage functions to 3 credit score unions and 6 banks on behalf of companies that didn’t exist. Saintvil allegedly falsified his identification in all however certainly one of these functions, misrepresented the variety of workers and payroll bills of the phony corporations and made quite a few different inaccurate statements. In accordance with the indictment, Saintvil additionally submitted falsified tax paperwork and checking account data in assist of those mortgage functions.
The victimized credit score unions have been the $1.1 billion Florida Credit score Union in Gainesville, the $135 billion Navy Federal Credit score Union in Vienna, Va., and the $251 million Guardians Credit score Union in West Palm Seaside, Fla., in response to court docket paperwork. The victimized banks have been Celtic Financial institution, Wells Fargo Financial institution, TD Financial institution, Financial institution of America, U.S. Century Financial institution and Financial institution OZK.
What’s extra, federal prosecutors alleged that utilizing the names of his aged victims, Saintvil opened accounts and contours of credit score and obtained bodily checks, debit playing cards and bank cards from BOA, Capitol One, JP Morgan Chase, and bank card corporations resembling American Specific and Uncover.
Federal prosecutors additionally stated that Saintvil used the providers of an digital funds processor to switch funds from the fraudulently obtained traces of credit score into the accounts that he opened.
If convicted, Saintvil faces a most penalty of 30 years in jail for the costs of financial institution fraud and making false statements to a federally-insured establishment and a most penalty of 5 years in jail for the making a false assertion cost. He additionally faces a further two-year necessary minimal jail sentence, consecutive to every other sentence imposed, for the aggravated identification theft rely, federal prosecutors stated.