It wasn t the smartest plan.
Here s What You Need To Remember: If there is a moral to this story, it seems to be that, while egregious abuse of federal small business loans – often referred to as Paycheck Protection Program, or PPP – has been a sadly common occurrence, it is not consequence-free. Instead, it has often resulted in capture and prosecution.
Last week, David Staveley, 53, of Andover, Massachusetts, pleaded guilty to charges of conspiracy and failure to appear in court – as part of a plea deal that involved dropping five other charges, including bank fraud, identity theft, and making false statements to federal officials.
A 53-year-old Massachusetts man who faked his own death has pleaded guilty after attempting to steal more than $500,000 in Paycheck Protection Program loans. David Staveley of Andover was the first in the U.S. to be charged for fraud relating to the the CARES Act, which allowed small businesses to receive forgivable or low interest loans to meet payroll costs and mortgage, rent, and utility .
Law enforcement help capture loose zebra in Middle Tennessee
COOKEVILLE, Tenn. (AP) â Law enforcement officials helped capture a loose zebra in middle Tennessee after it escaped from an exotic livestock auction.
According to news outlets, Cookeville Police Department and Putnam County Sherriffâs office assisted Triple W employees capture the âagitatedâ zebra early Friday morning. Cookeville is about 80 miles (128 kilometers) east of Nashville.
The zebra ran onto Highway 111, but was not hurt due to the lack of traffic. Multiple methods were used to attempt to regain control of the animal. At one point, two police officers made âunsuccessful attemptsâ to deploy stun guns to redirect or capture the animal.
After fraudulently seeking $440,000 in PPP loans, man attempts to fake his own death to avoid prosecution
Updated 8:04 AM;
By Mark Pratt | The Associated Press
A businessman who federal authorities say faked suicide to avoid prosecution for fraudulently seeking hundreds of thousands of dollars in loans intended for businesses struggling during the coronavirus pandemic has agreed to plead guilty to some charges, according to court documents.
David Staveley, 53, of Andover, Massachusetts, will plead guilty to conspiracy to commit bank fraud and failure to appear in court charges, according to documents filed Thursday in federal court in Rhode Island.
In exchange, federal prosecutors agreed to dismiss charges of bank fraud, making false statements and aggravated identity theft.
Man agrees to plead guilty to some charges in PPP fraud case
By MARK PRATTMay 7, 2021 GMT
A businessman who federal authorities say faked suicide to avoid prosecution for fraudulently seeking hundreds of thousands of dollars in loans intended for businesses struggling during the coronavirus pandemic has agreed to plead guilty to some charges, according to court documents.
David Staveley, 53, of Andover, Massachusetts, will plead guilty to conspiracy to commit bank fraud and failure to appear in court charges, according to documents filed Thursday in federal court in Rhode Island.
In exchange, federal prosecutors agreed to dismiss charges of bank fraud, making false statements and aggravated identity theft.