He received $593,590. Federal auditors and investigators will view these types of activities with skepticism, and as potential evidence of an attempt to either fraudulently obtain a PPP loan or use PPP loan funds for unauthorized purposes. Jesika Blakely, 34, of Atlanta, Georgia, is charged with conspiracy to commit bank fraud and wire fraud, bank fraud, wire fraud, false statements to a federally insured financial institution, and money laundering in connection with her involvement in several businesses loans. According to Federal authorities, Crowther submitted an application on behalf of his roofing company that contained false and misleading statements. You can search and filter the list, but only flagged loans will be shown. Another key aspect of the PPP is that loans issued under the program are eligible for forgiveness if they are used entirely for authorized purposes. Mohan Mukand, who used to work for Microsoft and Amazon according to his LinkedIn profile, is charged with submitting 8 PPP applications on behalf of six companies. The defendants allegedly participated in an extensive nationwide scheme in exchange for illegal kickbacks of portions of the loan proceeds, said Acting Assistant Attorney General Brian C. Rabbitt of the Justice Departments Criminal Division in a statement. The impact of COVID-19 on small businesses around the country has been devastating, said Acting U.S. Attorney Kurt R. Erskine. Investigations by the DOJ and U.S. Muge Ma, a/k/a Hummer Mars, a Chinese national residing in Manhattan, was arrested on charges of trying to obtain over $20 million in PPP and EIDL capital. Moller received close to $600K in stimulus PPP loan. Meet Goyal, MD, an ophthalmologist in Rye, New York, was under indictment for healthcare fraud. What are the Red Flags for PPP Loan Fraud? Although the amount of the loans, $9,400 and $20,800, are not as large as some on the list, United States government agencies are not giving them any slack. The DOJ has already initiated multiple federal cases against individuals alleged to have converted PPP loan funds for personal use, and in these cases the defendants are facing hefty fines and years, if not decades, of federal imprisonment. The impact of COVID-19 on small businesses around the country has been devastating, said Acting U.S. Attorney Kurt R. Erskine. However, the Government watchdog also recommended oversight of the 4 million smaller loans. Court documents allege that handwritten notes recovered from his trash describe how he planned to use $3 million of it for personal investments. And you wont believe how rotten they are. When seeking forgiveness, companies are required to provide documentation, and they must affirmatively certify as to the accuracy of this documentation and as to compliance itself. Some of the law enforcement agencies involved in investigating are: The Board of Governors of the Federal Reserve System and Bureau of Consumer Financial Protection Office of Inspector General; Small Business Administration Office of Inspector General (SBA-OIG); Federal Deposit Insurance Corporation Office of Inspector General (FDIC-OIG), and the FBI. Their alleged greed affects every American taxpayer, and the FBI is making every effort possible to stop it and make sure PPP funds are used as intended., When tragedy strikes and citizens find themselves in a vulnerable situation to no fault of their own, the influx of government assistance unfortunately also attracts criminals, said IRS-Criminal Investigation Special Agent in Charge James E. Dorsey. Authorities allege they falsely claimed to be farmers in the yards of their small homes. Chanchikyan has pleaded not guilty, and his trial is scheduled for October 4, 2022. We can use our experience to help reduce your companys risk (and your personal risk) to the fullest extent possible, and we encourage you to contact us for a free and confidential assessment of your companys legal needs. Allegedly he submitted fake IRS 1099 Forms containing worker social security numbers that were invalid. Jae H. Choi, a licensed attorney in New Jersey, was charged with getting $9 million in PPP funds from three different lenders, based on fabricated employees and forged documents. All visitors to this Website are informed that Oberheiden P.C. The PPP loan applications reported that each business had between 59 and 69 employees and approximately $295,000 to $342,000 in average monthly payroll expenses. Jase DePaul Gautreaux aka Jase Dixon, a funeral director in Houston, is charged with seeking $13 million in loans and ultimately receiving over $1.6 million. Related coverage:Treasury names 650K small businesses receiving govt loans. Thats a great point, Alex! Postal Inspection Service. A Porsche and Lamborghini (Texas November 17), 68. Authorities allege he used the money to buy a $1 million home and pay for $30,000 in home improvements. Have a question about Government Services? He then went on a luxury buying blitz acquiring a Lamborghini Urus, a Rolex watch, a 2020 Ford F-350 pickup truck, and real estate according to allegations. Authorities say he put the PPP loan proceeds in accounts under the control of his relatives and minor children. But in this PPP fraudulent case, five individuals from three states are charged with conspiracy to fraudulently get over $4 million and misusing the proceeds. Dwan Ashong a/k/a Dwan Gilpin, 40, of Jacksonville, Florida, is charged with conspiracy to commit wire fraud, wire fraud, and money laundering in connection with her involvement in several businesses loans. This is the latest in an onslaught of PPP fraud cases in Georgia and across the U.S. . He allegedly used those funds to buy a 33-foot Cruisers Yacht for $300,000, a $1.13 million rowhouse, and a $46,000 luxury Kia Stinger. When making use of PPP loan funds, companies should extensively document their expenditures in order to demonstrate that they have used their PPP loans for authorized purposes only. Besides Alicia Quarterman, 38, of Fayetteville, Georgia, and Katrina Lawson, 41, of Houston, Texas, the following individuals also participated in the scheme and are charged in the indictment: Overall, between July 1, 2020 and August 11, 2020, Quarterman sent Lawson the information for about 48 different individuals, and she allegedly completed approximately 58 fraudulent EIDL applications, seeking $490,000. Attila Colar allegedly used several aliases in a scheme to illegally get $22 million from the PPP. He allegedly submitted applications on behalf of a business that did not exist and for businesses he did not own. Lock The complaint alleges George provided false and misleading documents and apparently couldnt keep his fake employees straight. Sadleir was Executive Producer on films like, Baoke Zhang, a software engineer at ride share company Lyft, is charged with wire and bank fraud. Indeed, some of the supporting documents the businesses submitted were substantively identical, including identical Form 941s, identical bank statements, and W2 payroll spreadsheets where the reported figures were identical but purported employee names had been changed. If your company received a PPP loan, is it at risk? After two banks declined, Rowberry allegedly said she would help him re-apply through a friend. Two Men, Identity Theft and a Conspiracy (Rhode Island - May 5, 2020) David Staveley, aka Kurt D. Sanborn, and David Butziger were charged with conspiring to seek over $530,000 in PPP money. Authorities also claim he lost $500,000 on risky stock market trades. A PPP loan is a Small Business Authority-backed loan that helps businesses keep their workforce employed during the COVID-19 crisis. Nurse Charged for Defrauding COVID-19 Relief Programs (Florida January 8, 2021), 78. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you. is headquartered in Dallas, Texas and it only maintains a fully equipped office in Dallas and Houston. Our Office will remain relentless in the pursuit of fraudsters who seek to exploit SBAs vital economic programs. Karen Chapon, aka Karen Hannafious, of Las Vegas is charged with allegedly filing six fraudulent loan applications. Shashank Rai, an engineer from Beaumont, is charged with multiple counts of fraud and false statements to the SBA for seeking more than $10 million in PPP loans. On May 17, 2021, the Attorney General established the COVID-19 Fraud Enforcement Task Force to marshal the resources of the Department of Justice in partnership with agencies across government to enhance efforts to combat and prevent pandemic-related fraud. 9 Students Sick After Ingesting Foreign Liquid At ATL School: Report, GA Salmonella Outbreak, Raw Oyster Recall + APS Offers Telehealth, Georgia Salmonella Outbreak Prompts Raw Oyster Recall, Online Event about our services in the Atlanta area, Mother Lode's Women's History Month Pop-Up. A .gov website belongs to an official government organization in the United States. Share sensitive information only on official, secure websites. On January 14, 2021, Judge J.P. Boulee sentenced Green to three years and five months imprisonment and five years of supervised release, and Judge Boulee ordered him to pay $830,000 in restitution, forfeiture of $157,035.71, and a special assessment of $100. Other red flags for PPP loan fraud include atypical business activities such as forming new business entities and entering into new debt obligations. Khalil Gibran Green, Sr., 47, of Cleveland, Ohio, pleaded guilty on September 1, 2020, to one count of conspiracy to commit bank fraud and wire fraud in connection with the loan obtained by his business, Impact Creations LLC. The loan applicants forgiveness process is bound to trigger another round of scrutiny. Search our database that is tracking this information. (March 30), Consolidated Augusta government's American Rescue Plan payment doubles to $84 million, Why the Small Business Administration loan program frustrates borrowers, Augusta-area physicians, clinics also able to tap into PPP loans, Click here to search our PPP loan database, Your California Privacy Rights/Privacy Policy. For further information please contact the U.S. Attorneys Public Affairs Office at [email protected] or (404) 581-6016. A former Georgia mayoral candidate in charge of a nonprofit claiming to assist low-income families spent $323,000 in loans she received from the Paycheck Protection Program (PPP) on an in-ground . Case data source and image source: Justice.gov. The banks internal auditors will then report it to the SBA faster than you can say oops, bad move.. Share sensitive information only on official, secure websites. The complaint also states he was convicted of four counts of bank robbery and fraud previously. Aditya Raj Sharma, the founder and former CEO of Crosscode Inc., a cloud-based software development company, was charged with misrepresenting facts to get a PPP loan. While this information may constitute attorney advertising in some jurisdictions, merely reading this information does not create an attorney-client relationship. Tonye Johnson was also charged with getting a PPP loan of $389,627and paying a portion of the loan proceeds to his co-conspirators. Postal Inspectors are committed to aggressively pursuing investigations in which the U.S. Mails are used to facilitate criminal schemes.. NEWNAN, Ga. - Ten defendants, who operated as part of a larger group, have been indicted for participating in a wide ranging, multi-state scheme to submit fraudulent loan applications on behalf of non-existent businesses as part of the Economic Injury Disaster Loan (EIDL) program and the Paycheck Protection Program (PPP). Forged account statements. Even so, youd think it wouldnt be hard to find out who someone really is in this day and age. Lee Price III is charged with making false statements to a financial institution, wire and bank fraud and engaging in unlawful monetary transactions. The Justice Department alleges that George submitted identical wage information and employee count records for two separate companies, one of which was out of business since 2015. WSB-TV Channel 2 - Atlanta facebook feed(Opens a new window), WSB-TV Channel 2 - Atlanta twitter feed(Opens a new window), WSB-TV Channel 2 - Atlanta instagram feed(Opens a new window), WSB-TV Channel 2 - Atlanta youtube feed(Opens a new window), UGA star charged in deadly crash turns himself in, released shortly after, records show, UGA football staffer had blood alcohol level twice the legal limit before crash that killed 2, 2 killed in crash after attempting to pass MARTA bus, South Fulton police say, 16-year-old reported missing found dead at Gwinnett home, police say, Man pulls gun on Kroger employee, steals meat, Clayton County police say, Meghan Thomas, 32, of Alpharetta - charged with conspiracy to commit bank fraud and wire fraud, bank fraud, wire fraud, and false statements to a federally insured financial institution in connection with her involvement in several businesses loans, Jesika Blakely, 34, of Atlanta - charged with conspiracy to commit bank fraud and wire fraud, bank fraud, wire fraud, false statements to a federally insured financial institution, and money laundering in connection with her involvement in several businesses loans, John Gaines a/k/a Marty Gaines, 56, of Marietta - charged with conspiracy to commit bank fraud and wire fraud, bank fraud, wire fraud, false statements to a federally insured financial institution, and money laundering in connection with the loan obtained by Gaines Reservation and Travel. But keep it all in perspective. I was eventually permanently laid off at the end of June. 5 Places To Swim In Atlanta A Swimming Activity Of Every Kind, The 5 Best Atlanta Facebook Groups To Follow ASAP, Adarin Jones, a/k/a Adrian Jones, 42, of Atlanta, GA. Victor Montgomery, 43, of Washington, D.C. He has now gotten over $100K from all 4 businesses I reported 3 times and no response.. nothing! Nor, will we seek out applicants who made technical mistakes in processing paperwork or honestly misunderstood regulatory or certification requirements. Eight other defendants include Damion O. Mckenzie, Andre M. Clark, Keyaira Bostic, Wyleia Nashon Williams, James R. Stote, and Ross Charno, all of Florida. Michael George McQuarn, 51, of Austin, is charged with with fraudulently receiving over $2 million in Small Business Administration loans for two fictitious companies, Vantastic Voyages, LLC and Happy Days Movers, LLC. Under the CARES Act, companies are only eligible to receive one PPP loan from one lender at a time. The federal Paycheck Protection Program (PPP) is subject to a whole host of rules and restrictions. Oludamilare Olugbuyi was charged with fraudulently obtaining two PPP loans totaling more than $400,000. Georgia and South Carolina Fraud Ring with 11 People (Georgia, January 28, 2021). Ronald Bell, who conspired to extort money from Georgia Institute of Technology, has pleaded guilty to a charge of conspiracy to commit extortion. PPP2 started accepting applications on January 11, 2021. Loot paid for with PPP loan money included two Lamborghini Huracan sports cars, a Rolex Presidential watch, a 5.73-carat diamond ring, a diamond bracelet, two Tesla cars, a 26-foot Pavati Wake Boat, a 33-foot Cruiser yacht, two Rolls-Royces, a Lamborghini Urus luxury SUV, a Kia Stinger, a Ford F-350 pickup truck, at least three Bentleys, and an assortment of other pricey vehicles and boats. The COVID-19 pandemic has caused financial hardships for many hardworking business owners across the nation. Also, the EIDL loan application date has been extended through 2021. Melvin Stout, his wife Tiffany Acuff and sister Valerie Watson pleaded guilty to making a false statement and obtaining loans through Paycheck Protection Program. Michael C. Moller was charged with fraudulently seeking $4.7 million in PPP forgivable loan that he applied for in the name of various people including his father, girlfriends brother and girlfriends son. A Cessna Aircraft and a Lexus (Virginia October 20), 59. Princess Terry of Memphis is alleged to have filed and fraudulently obtained $290K in PPP loan funds while on pre-trial release in an unrelated healthcare fraud case. Agents from the FDIC OIG, SBA OIG and IRS-Criminal Investigation (CI) investigated. 1343) and making false statements to the SBA and FDIC-insured banks (18 U.S.C. A PPP loan is a Small Business Authority-backed loan that helps businesses keep their workforce employed during the COVID-19 crisis. The former manager of the San Francisco Hilton allegedly embezzled from the hotel in a kickback scheme going back to 2013. The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes. (Shutterstock) ATLANTA Federal fraud charges were filed against. If you got funding after June 5, you have five years to repay. An official website of the United States government. To this end, all companies that received PPP loans would be well-advised to proactively conduct an internal PPP compliance investigation. They do not appear to be honest mistakes. Auto Repair Shop Owner (California June 5), 11. Law enforcement assisting in the investigation included the Small Business Administration OIG office, the FBI, FDIC and others. bank fraud, making false statements to an FDIC-insured financial institution, or making false statements to the SBA). Benjamin Hayford is charged with fraud for seeking $4.4 million in PPP financing. How does the government miss a well know con artist? After the PPP loan proceeds were deposited into the businesses accounts, the businesses transferred more than $5.5 million of the PPP loan proceeds into accounts controlled by Darrell Thomas, purportedly for rental payments and payroll. Ophthalmologist Already Under Indictment (New York June 24), 19. To provide the best experiences, we use technologies like cookies to store and/or access device information. During the investigation, the U.S. seized nearly $4 million in PPP loan proceeds, four luxury vehicles, and several jewelry items. Report fraud/thefthttps://www.sba.gov/funding-programs/loans/covid-19-relief-options/report-id-theft-fraud What to do if the SBA doesnt forgive your loanhttps://www.schwabe.com/newsroom-publications-a-guide-to-the-sba-ppp-loan-forgiveness-review-process. Former Police Officer Sentenced For Money Laundering. Rocco A. Malanga, owner of a New Jersey small company, was charged with wire and bank fraud for falsifying records to obtain $1.8 million in PPP loans. Sum of Current Approval Amount. Attorneys for the Northern District of Georgia, 10 defendants indicted in multi-state, fraudulent COVID-19 related business loan scheme, Arizona man pleads guilty to extorting Georgia Tech, Georgia woman charged with stealing over $450,000 in government and retirement benefits. Whoa! Principal Deputy Assistant Attorney General Ethan P. Davis noted in a June 26th speech: When the borrower is ready to seek forgiveness of the loan, it has to certify that the funds were in fact used to pay costs that are eligible for forgiveness. The maximum PPP loan is based on 20.83% of your Schedule C income. When arrested, he had almost $80,000 in cash at his home and $9,400 in his pocket, authorities claim. 95% Success Rate. IT Services Company Owner (Massachusetts June 22), 15. By using this website, you accept the terms of our Visitor Agreement and Privacy Policy, and understand your options regarding Ad Choices. And for how much? A Swimming Pool and Money Abroad (Minnesota November 16), 67. The complaint alleges Smith bought a $96K Ferrari and other luxury items and withdrew $271,805 in loan proceeds. Dennis Nobbe, a chiropractor in Miami, is charged with wire and health care fraud, money laundering and conspiracy. PPP Loan Recipient List By State Georgia 553,322 TOTAL PPP LOANS $24.9B TOTAL LOAN AMOUNT $44,956 AVERAGE PPP LOAN 5 AVG COMPANY SIZE Georgia has a total of 553,322 businesses that received Paycheck Protection Program (PPP) loans from the Small Business Administration. He allegedly blew through about $200,000 in Las Vegas casinos, where he was caught on surveillance cameras at a Bellagio blackjack table. Ultimately Ugarte received funds from Transportation Alliance Bank. Which goes to show that most of the defendants arent very smart. Giraldo Caraballo allegedly falsely applied for and received around $420,000 in PPP funds. He ultimately received over $2 million but the government seized $1.98 million from business bank accounts. Last Updated: 2023-02-05 Fayne allegedly claimed he had 107 workers and submitted forged bank statements. But they apparently werent creative enough, as they submitted nearly identical applications each with 16 employees, and used identical fraudulent quarterly tax returns. The Feds froze his bank account and recovered $402,000. Married Couple Attempting to Flee (Virginia June 24), 17. But of course, the government has to prove the allegations. The complaint states he applied on behalf of fake companies with names like White Walker, Khaleesi, and The Nights Watch. After receiving the loans, he bought a $480,000 , spent $50,000 to $200,000 on a lost gambling bet, bought a brand new speedboat worth about $150,000, he also bought Martina D****la a $900 pair of shoes for her 23rd birthday. The retail giant suspended him and stated the charges were unrelated to Walmart. A small number of fraudulent cases was inevitable given the amazing speed with which the Paycheck Protection Program came into being. The estimated amount was about. At Oberheiden P.C., we are actively representing companies with regard to PPP compliance during the coronavirus pandemic, and we are representing companies in PPP loan fraud audits and investigations as well. I turner a small business in for Fraud that got a PPP Loan and nothing happened to them. Our focus is on fraud.. And the DOJ has made it a priority to root them out. Medical Company Owner (Florida July 10), 23. He got up to $5.7 million in loans. Hollywood Film Producer (California May 22), 7. Help us crowdsource fraud detection in the PPP program! Thomas Smith, Stephen Smith, Samuel Davis Jr., Robert Hamilton, and Jonathan Henley were indicted for an alleged scheme to fraudulently obtain more than $1.1 million in PPP loans. Its going to raise a red flag. According to the SBA, thePaycheck Protection Program ended on May 31, 2021. The Task Force bolsters efforts to investigate and prosecute the most culpable domestic and international criminal actors and assists agencies tasked with administering relief programs to prevent fraud by, among other methods, augmenting and incorporating existing coordination mechanisms, identifying resources and techniques to uncover fraudulent actors and their schemes, and sharing and harnessing information and insights gained from prior enforcement efforts, For more information on the Departments response to the pandemic, please visit https://www.justice.gov/coronavirus. Encompassing multiple states, authorities said the individuals took advantage of the Paycheck Protection Program and the Economic Injury Disaster Laon, using made-up businesses to file fraudulent loan applications for upwards of $10,000 for that did not have to be repaid under some circumstances. The complaint states they received loans of $450,000 and some of the proceeds were allegedly used to purchase a Mercedes E400. Go big or go home could be the motto here. Terry was sentenced to 65 months in federal prison for other cases. How to apply for a loan on your ownhttps://bench.co/blog/operations/how-to-apply-first-ppp-loan/ They allegedly filed fake tax documents to support the loan applications. Still, a June 2020 report by the Government Accountability Office found, there is a significant risk that some fraudulent or inflated applications were approved. Treasury Secretary Steven Mnuchin then announced that the Treasury Department would review loan recipients over $2 million. I appreciate your consideration/guidance/help/time. James McFarland, 56, of Atlanta, Georgia. Joseph Cherry II of Virginia was indicted on 10 counts of COVID fraud and faces 10 to 30 years of prison time on each count. A requirement of forgiveness is that borrowers must rehire or retain workers and maintain salary levels. Two-Man Fraud Ring for PPP Loans (Oklahoma December 18), 76. The defendants allegedly abused both programs by submitting fraudulent applications and obtaining thousands of dollars that should have gone to support struggling businesses. Argires allegedly filed two fraudulent PPP applications seeking $1.1 million in forgivable funding. Tristan Bishop Pan was charged for allegedly seeking $6 million in Paycheck Protection Program loan. He also agreed to forfeit various assets, including more than $2.1 million in seized funds, three luxury vehicles a 2018 Mercedes-Benz S-Class S65AMG, a 2018 Land Rover Range Rover, and a 2017 Acura NSX and several items of jewelry, including a gold Rolex. Main Office: Feel free to share this infographic (attribution required) on your own site by copying and pasting the code below: Could these prosecutions involve nothing more than paperwork mistakes? Special Agent in Charge Joseph R. Bonavolonta of the FBIs Boston Field Office said in a statement, Thankfully we were able to stop them before taxpayers were defrauded.. Fourteen additional defendants were charged in a First Superseding Indictment unsealed on Wednesday, July 14, 2021: Three additional defendants have been charged by Criminal Information: Six defendants have pleaded guilty based on their roles in the fraudulent scheme since the original indictment was returned on August 4, 2020, including the mastermind, Darrell Thomas, and one defendant has been sentenced to date: Members of the public are reminded that the indictment contains only charges. 95% Success Rate. 1014). Man Gives 23 People Pandemic Pay, Buys House (Nevada August 26), 39. If so, how do I go about it? Want to know if your employer got aPaycheck Protection Planor PPP loan? Las Vegas Man Hits 7 Different Lenders (Nevada January 28, 2021), 79. In the loan applications, the defendants certified that each applicant business was in operation on February 15, 2020 and had employees for whom it paid salaries and payroll taxes or paid independent contractors; that the funds would be used to retain workers and maintain payroll or make mortgage interest payments, lease payments, and utility payments; and that the information provided in the application and in all supporting documents and forms was true and accurate in all material respects. If the PPP debt is not forgiven, the interest rate is very low 1%. (PPP) and Economic Injury Disaster Loan (EIDL) COVID-19 relief funds. Under the terms of the program, for example, companies must represent that: During a federal PPP loan fraud audit or investigation, federal agents will not just be looking to assess loan recipients eligibility, but they will also be looking to determine whether companies have documentation on hand to qualify the representations they made in their PPP loan applications. Loan on your ownhttps: //bench.co/blog/operations/how-to-apply-first-ppp-loan/ they allegedly filed fake tax documents to support the loan proceeds very low %..., companies are only eligible to receive one PPP loan of $ 389,627and paying a portion the... Belongs to an official government organization in the PPP debt is not,! To show that most of the loan applications have gone to support the applications. The investigation included the small business Administration OIG office, the government has to prove the allegations the Feds his. 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A loan on your ownhttps: //bench.co/blog/operations/how-to-apply-first-ppp-loan/ they allegedly filed two fraudulent PPP applications seeking $ 6 million forgivable. Accept the terms of our Visitor Agreement and Privacy Policy, and several jewelry items Couple to... That did not own Act, companies are only eligible to receive one PPP loan will we seek out who! Loan fraud include atypical business activities such as forming New business entities and entering into debt! Times and no response.. nothing say he put the PPP ( U.S.C. Not own it at risk of dollars that should have gone to support struggling.... For Defrauding COVID-19 Relief programs ( Florida January 8, 2021 ), 19 his home and pay for 30,000. Medical company Owner ( California May 22 ), 11 debt is not forgiven, interest. 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In an onslaught of PPP fraud cases in Georgia and across the U.S. children. He planned to use $ 3 million of it for personal investments Nobbe, chiropractor! Covid-19 crisis million but the government miss a well know con artist 31. On official, secure websites, New York, was under indictment healthcare...