A Hull man was accused of trying to fraudulently obtain CARES Act small business loans.
The U.S. Attorney’s Office says 30-year-old Shane Spierdowis was charged by criminal complaint with one count of wire fraud.
Spierdowis allegedly used false Social Security numbers and fraudulent documentation to apply for federally-funded Small Business Administration (SBA) loans issued in connection with the Coronavirus Aid, Relief, and Economic Security Act (CARES Act).
The U.S. Attorney says Spierdowis obtained an SBA Paycheck Protection Program (PPP) loan of $101,517 in the name of a Limited Liability Company (LLC), with funds being wired to a bank in Massachusetts. He’s also accused of providing a fraudulent corporate bank statement reflecting a balance of more than $220,000; when the statement was dated before the account was opened.
He’s also accused of obtaining an SBA Economic Injury Disaster loan (EIDL) of $89,900 in connection with a separate LLC.
Spierdowis allegedly used Social Security numbers that differ from his own and submitted fraudulent federal tax forms for both of these LLCs.
He also claimed to be making payments to employees when he was actually in federal custody after violating his probation arising from a conviction for conspiracy to commit securities fraud.
If convicted Spierdowis could face up to 20 years in prison, three years of supervised release and a fine of up to $250,000.
Photo Credit: Dept. of Transportation
