A Guy Who Stole $440,000 in PPP Loans Tried to Fake His Own Death
This guy isn t good at ANY kind of fraud.
There s a 53-year-old guy named David Staveley from Andover, Massachusetts. And last year he took $440,000 in PPP loans to pay the employees at his three restaurants.
There was just one problem. He only owned TWO restaurants . . . and they weren t open before the pandemic. So he didn t have any employees and definitely didn t need $440,000.
He was the first person in the country who was charged with fraud over PPP loans last year. So he came up with another genius plan . . . he tried to FAKE his own DEATH.