Dade City man pleads guilty to laundering $1.9 million in coronavirus relief money
Keith Nicoletta bought a 2020 Mercedes for more than $100,000, a 2020 special edition Ford F-250 pickup truck for more than $66,000 and installed a home pool for about $63,000, authorities said.
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A Dade City man may face up to 20 years in federal prison for laundering coronavirus relief money [ Photo illustration by ASHLEY DYE and DIRK SHADD | Times ]
Published Feb. 2
Keith Nicoletta, 48, faces a maximum penalty of up to 20 years in prison after pleading guilty to the charge of conspiracy to launder stolen COVID relief funds, according to a release from the U.S. Department of Justice.
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The FBI said Keith Nicoletta bought a 2020 special edition Ford F-250 pickup valued at more than $66,000 (FBI)
TAMPA, FL Keith Nicoletta, 48, of Dade City, Florida, has pleaded guilty to a conspiracy to launder stolen COVID relief funds. He faces a maximum penalty of 20 years in federal prison.
Nicoletta also agreed to forfeit more than $1.9 million, a 2020 Mercedes, a 2020 Ford F-250, real property located in Pasco County and other funds and assets that are traceable proceeds of the offense (see criminal complaint.)
According to the plea agreement in May, Nicoletta and his conspirators stole more than $1.9 million in emergency loan funds from the Paycheck Protection Program, which were guaranteed by the Small Business Administration. The fraudulent PPP loan application claimed that Nicoletta s local business had 69 employees with a purported monthly payroll exceeding $760,000 or more than $9 million annually. In fact, the business had no employees and its address was
Florida man who stole nearly $2M in coronavirus relief funds faces up to 20 years, prosecutors say orlandosentinel.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from orlandosentinel.com Daily Mail and Mail on Sunday newspapers.