Two days after a former Alabama sheriff pleaded responsible to mendacity on loan applications to get funds for his gambling debts, his enterprise companion was federally indicted on wire fraud prices for allegedly defrauding the Paycheck Safety Program.
Danny Lee Beard, Jr., the enterprise companion of ex-Clarke County Sheriff William “Ray” Norris who in 2011 fashioned Haddco, LLC — an organization that buys, sells, trades and companies autos and gear — was initially charged in Might with 9 counts of false assertion to a federally insured establishment in reference to the PPP and different loans.
On Wednesday, among the prices in opposition to Beard had been changed with wire fraud, in accordance with the superseding indictment filed in federal courtroom in Cellular.
Prosecutors allege Beard lied on two PPP mortgage purposes for $74,207 every by falsely stating he was paying payroll taxes for all his workers.
On the second mortgage, Beard allegedly used the funds “for private bills unrelated to payroll prices, lease/mortgage curiosity, utilities, and coated operational bills.”
Beard additionally accomplished the applying for forgiveness of the primary PPP mortgage, which was “fraudulently obtained,” in accordance with the indictment.
Norris’ enterprise companion additionally allegedly lied that he owned a chunk of kit and that he was not making an attempt to promote a tractor-tailer whereas acquiring a greater than $50,000 business mortgage by Camden-based City County Nationwide Financial institution.
Norris, the previous Clarke County sheriff who was indicted federally in the Southern District of Alabama on 4 counts of the crime earlier this 12 months, pleaded responsible Tuesday to 1 depend of constructing a false assertion to a federally insured establishment.
