Gregory Blotnick was the founder, sole owner, managing partner, only employee of Brattle Street Capital, LLC, a New York limited liability company. BSC is unregistered investment adviser to private investment fund, BSC Opportunistic Equity, LP, Delaware limited partnership.
New York Man Charged in $4 Million ‘Piggy Bank’ COVID-19 Relief Scam
A dual resident of New York and Florida has been changed with fraudulently obtaining and laundering nearly $4 million in funds from the COVID-19 relief Paycheck Protection Program (PPP), according to prosecutors.
Gregory J. Blotnick, 34, of New York City and West Palm Beach, is accused of fraudulently obtaining more than $3.8 million in federal COVID-19 PPP funds on the basis of eight falsified loan applications, the Department of Justice (DOJ) said in a May 6 release. The forgivable PPP loans, enacted as part of the CARES Act, were meant to help small businesses weather the impact of the pandemic recession.