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Pizzeria owner arrested for allegedly using PPP loan to buy alpaca farm
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May 5 (UPI) A former Massachusetts pizza parlor owner was arrested for allegedly filing a fraudulent loan application under the Paycheck Protection Program.
Dana L. McIntyre, 57, was charged with one count of wire fraud and one count of money laundering after being accused of falsely inflating the size of his restaurant Rast Pasta Pizzeria in Beverly and Essex Mass., in order to obtain a loan of more than $660,000. The Justice Department said Tuesday he used the money to open an alpaca farm in Vermont.
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According to the complaint, McIntyre said in his application that the pizzeria employed nearly 50 people, while records indicated that the business paid fewer than 10 employees both before and after the application was submitted. ....

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