New York City City Guy, Gregory J. Blotnick Charged with Virtually $4 Million COVID-19 Alleviation Fraud Plan and also Money Laundering
( STL.News) A criminal grievance was submitted in the Area of New Jacket today billing a dual-resident of New york city and also Florida with fraudulently acquiring and also laundering almost $4 million in funds from the COVID-19 alleviation Income Security Program (PPP).
According to court papers, Gregory J. Blotnick, 34, of New York City City and also West Hand Coastline, made use of a range of incorrect depictions to fraudulently acquire greater than $3.8 million in government COVID-19 PPP funds. To acquire the car loan money, Blotnick sent 8 falsified car loan applications to various loan providers in support of 5 of Blotnick’s companies, including his New york city City-based bush fund monitoring company, Brattle Road Resources LLC and also relevant entities. To acquire the PPP car loans, Blotnick sent incorrect info, consisting of the variety of his staff members, government tax obligation returns for his companies, and also his pay-roll paperwork, and also he licensed that he would certainly make use of the car loan money just for business-related functions. After fraudulently acquiring the car loans, Blotnick washed and also mistreated the car loan earnings by, to name a few points, moving those earnings to broker agent accounts and also positioning greater than $3 million in shedding supply professions.