Six People Face Charges In PPP Scam In South Florida
On March 20th, 2024, The Palm Beach Post reported that six people, including a pastor from Riviera Beach, have been arrested and charged as part of an alleged $3 million Paycheck Protection Program (PPP) fraud case. Here, our Orlando white collar defense lawyer discusses the allegations and explains what to do if you are accused of criminal fraud.
Allegations: Six People Defrauded PPP Out of More than $3 Million
The Paycheck Protection Program (PPP) was one of the key federal tools to provide economic support to businesses—and their employees—during the worst days of the COVID-19 pandemic. Federal and state prosecutors are continuing efforts to crack down on PPP fraud. The Florida State Attorney’s Office and Palm Beach County Sheriff’s Office recently announced the arrest of six people as part of a joint investigation into a PPP fraud case.
The six people in question, including former pastor Holmer Altidor, stand accused of misappropriating over $3 million in PPP funds. The money was allegedly used for personal expenses—from airline tickets to luxury car payments to gambling debts. The defendants are facing charges of organized schemes to defraud and money laundering. Both are felony offenses. All of the accused are presumed innocent until proven guilty.
Three Steps to Take If You are Facing Criminal Fraud Charges in Central Florida
White collar criminal cases are exceptionally complicated. Any person facing an allegation of fraud should take proactive measures to protect themselves. Here are three steps to take:
- Avoid Speaking to Regulators, Police, or Prosecutors: It is imperative to exercise your Constitutional right to remain silent. Any statements you make can and will be used against you in court. Authorities are skilled in interrogation and may use your words out of context to build a case against you. You should not make statements without an attorney.
- Save Relevant Documents, Records, and Evidence: Begin gathering any paperwork, digital records, emails, and correspondences related to your case. Financial documents, contracts, and communications can be crucial in establishing the context of your actions and intent. The more evidence you have, the better position that you will be in.
- Consult With a Florida White Collar Defense Lawyer: The right legal representation can make the difference. A top-tier Orlando, FL white collar criminal attorney will understand the complexities of the case, handle any interactions with police/prosecutors, and develop a strategy to protect your rights, freedom, and future. The right approach to defending a white collar criminal case always depends on the specific nature of the allegations.
Contact Us Today for a Confidential Consultation With an Orlando Defense Attorney
At The Baez Law Firm, our Orlando, FL white collar criminal defense lawyer has the professional expertise that clients can rely on in even the most complex of cases. If you or your loved one was accused of criminal fraud, please do not hesitate to contact us today for a confidential initial appointment. We defend white collar criminal charges throughout all of South Florida.
Source:
palmbeachpost.com/story/news/local/westpb/2024/03/20/palm-beach-county-residents-defraud-ppp-loan-program-florida-charges/73017787007/