Alleged DC-area pastor charged with fraudulently obtaining $1.5M PPP loan
Alleged DC area pastor charged with fraudulently obtaining $1.5M PPP loan
An alleged DC-area pastor is in trouble – arrested for wire fraud after federal investigators say he filed false tax documents to obtain a $1.5 million dollar Paycheck Protection Program loan.
WASHINGTON (FOX 5 DC) - An alleged D.C.-area pastor is in trouble – arrested for wire fraud after federal investigators say he filed false tax documents to obtain a $1.5 million dollar Paycheck Protection Program (PPP) loan.
The Covid19 relief loans, known as PPP loans, became available through the 2020 CARES Act to assist struggling business owners through the pandemic.
Feds charge D C pastor with fraud, alleging theft of more than $1 5 million in PPP loans
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Rudolph Brooks Jr , D C pastor, charged with misuse of $1 5 million in PPP loans
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By Victor Omondi
According to recently released court filings, a pastor in Washington, D.C. allegedly made fraudulent applications to the Paycheck Protection Program for $3.5 million, received the loans, and used them to buy himself a Tesla, among a number of other personal purchases.
The PPP is a program introduced by the federal government to encourage revenue-losing businesses to keep their workers on payroll amid business closures during the coronavirus pandemic.
Rudolph Brooks Jr. from Maryland and pastor at Kingdom Tabernacle of Restoration used the Coronavirus Aid, Relief, and Economic Security (“CARES”) Act to allegedly acquire a $1.5 million loan from the Paycheck Protection Program (PPP). The Maryland U.S. Attorney’s Office released a statement indicating that Brooks used the loan funds for his own purposes instead, and not as indicated in the application documents.