DC man accused of stealing over $ 2 million in PPP and EIDL loans: DOJ
WASHINGTON (FOX 5 DC) – DC man is behind bars after Justice Department officials say he stole more than $ 2 million in Paycheck Protection Plan (P3) loans and disaster loans economic (EIDL).
In unsealed documents Tuesday, Justice Department officials claim that Kenneth Gaughan, 41, fraudulently used $ 2.1 million to buy a $ 300,000 yacht, a 1.13 million townhouse. dollars and a $ 46,000 luxury sports sedan.
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Gaughan has also been charged, according to Justice Department officials, with a separate embezzlement scheme linked to the alleged theft of more than $ 472,000 in funds from the Catholic Archdiocese of Washington, D.C. Officials say he was previously employed there as deputy superintendent.
The documents indicate that Gaughan “has sought and received approximately $ 2.1 million in PPP and EIDL loans through applications to SBA lenders on behalf of several companies, all falsely claiming to register emotional support animals.”
Justice Department officials say Gaughan has been charged with one count of bank fraud, one count of theft of government funds, one count of wire fraud and one count of money laundering.
FOX 5’s Evan Lambert will have more of this story on FOX 5 News at 10 p.m. and 11 p.m.
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