Las Vegas, NV — A Nevada man was arraigned on December 18, 2020 for fraudulently obtaining approximately $1,662,170 from the Paycheck Protection Program (PPP) loan and the Economic Injury Disaster Loan (EIDL) program, announced Special Agent in Charge Tara Sullivan of the Internal Revenue Service-Criminal Investigation (IRS-CI).
Bryan Robinson, of Henderson, Nevada, is charged in an indictment in the District of Nevada, with two counts of wire fraud and one count of engaging in transactions in unlawful proceeds. He appeared on December 18 before U.S. Magistrate Judge Cam Ferenbach in Las Vegas.
The indictment alleges that Robinson perpetrated a scheme to submit a fraudulent EIDL application to the SBA and a fraudulent PPP loan application to a financial technology company. The SBA guarantees the loans for COVID-19 relief through the PPP under the Coronavirus Aid, Relief and Economic Security (CARES) Act. The CARES Act also authorizes the SBA to provide EIDL of up to $2 million to eligible small businesses experiencing financial disruption due to the COVID-19 pandemic.