Florida’s property records show that the island was sold for USD 200 thousand at the end of June.
If we review the news from anywhere in the world, we are going to meet hundreds of Stories of robberies unusual difficult to believe. Either because of the personality of the brain of the operation, the juicy botin or for the creativity of the band. However, this case is different from the rest.
Sweetheart Islanda small island located in Florida, USAit was the center of one of the most twisted crimes that occurred in recent years, when a businessman scammed thousands of people and used 8 million dollars of state funds during COVID19 to buy it for Personal use.
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Patrick Parker Walsh, the businessman who stole health aid money and bought an island
Patrick Parker Walsh He is an entrepreneur who took advantage of the opportunities of government financial aid programs, but in a way fraudulent. Between April 7, 2020 and January 21, 2021, Walsh presented a total of 16 applications to multiple federally insured financial institutions and other qualified lenders to obtain loans from the Payment check protection program (PPP) On behalf of several companies, including their advertising balloons based in Levy County.
Fraud did not stop in obtaining funds; Walsh also made numerous monetary transactionsincluding the purchase of real estate in Florida and Texasoil leases and the payment of mortgage loans, all using more than $ 10,000 of the funds obtained in a deceptive way.
Walsh’s false requests were full of Discrepancies such as the inclusion of non -existent employeesthe manipulation of the number of employees and the inclusion of companies that They didn’t even exist before February 15, 2020start date of relief programs for pandemic.
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How many years in jail was Patrick Parker Walsh
In total, Walsh’s fraudulent requests sought to obtain $ 11,950 billion dollars in funds of the PPP, of which he received $ 4,996,000 million. In addition, between March 2020 and July 2020, he submitted 18 fraudulent requests to the administration of small businesses (SBA) for disaster loans due to economic injuries (EIDL) both in his name and in his wife’s, obtaining $ 2,822,000 million , adding in total $ 7,818,000.
In January 2023, he was sentenced to five years in prison in the Federal Prison for the position of telegraph fraud and a position of money laundering In relation to pandemic aid funds. He is currently 44 years old, and when he leaves he must comply with three years of probation. In addition, he was ordered to pay a restitution for the final amount stolen and the court issued an order of confiscation for the same amount.
Source: Ambito
I am an author and journalist who has worked in the entertainment industry for over a decade. I currently work as a news editor at a major news website, and my focus is on covering the latest trends in entertainment. I also write occasional pieces for other outlets, and have authored two books about the entertainment industry.
