A federal grand jury in Pittsburgh has indicted a Pittsburgh woman and a Detroit man on charges of Fraud Conspiracy and Bank Fraud.
The ten-count Indictment named Matthew Lloyd Parker, Jr., age 36, of Detroit, MI, and Virginia R. Humphries, age 35, of Pittsburgh, PA.
According to Indictment, between March 2020 and August 2021, Parker and Humphries defrauded the Small Business Administration and lenders of over $14,000,000 million dollars in Paycheck Protection Program (PPP) loans.
In the news: Rhode Island Man Among 3 Who Pleaded Guilty In Florida Wire Fraud Conspiracy
Parker, a licensed CPA from Detroit, Michigan, and Humphries, a credit repair specialist in Pittsburgh, recruited hundreds of small businesses in Pittsburgh and Detroit and falsified PPP loan applications of which the SBA approved 226 applications, resulting in loans totaling approximately $14.5 million to businesses, the largest known PPP fraud in the Western District of Pennsylvania.
The law provides for a maximum total sentence of 50 years in prison, a fine of $1,250,000, or both. Under the Federal Sentencing Guidelines, the actual sentence imposed would be based upon the seriousness of the offenses and the prior criminal history, if any, of the defendants.
Assistant United States Attorney Gregory C. Melucci is prosecuting this case on behalf of the government.
The United States Postal Inspection Services and Federal Bureau of Investigation conducted the investigation leading to the Indictment in this case.
Android Users, Click To Download The Free Press App And Never Miss A Story. Follow Us On Facebook and Twitter. Signup for our free newsletter.
We can’t do this without your help; visit our GiveSendGo page and donate any dollar amount; every penny helps.