Hull Man Pleads Guilty to Fraud Charging Arising from Fraudulent Small Business Loans Under the CARES Act | USAO-MA
BOSTON – A man from Hull pleaded guilty today in federal court in Boston to submitting fraudulent documents in order to receive CARES Act small business loans.
Shane Spierdowis, 31, has pleaded guilty to one count of wire fraud. US District Court Judge Richard G. Stearns sentenced February 24, 2022. Spierdowis was charged on March 30, 2021.
Spierdowis used fake Social Security numbers and fraudulent documents to apply for federally funded Small Business Administration (SBA) loans issued under the Help, Relief and Economic Security Act. coronavirus (CARES law). Spierdowis obtained an SBA Paycheck Protection Program loan of $ 101,517 on behalf of a limited liability company (LLC), the funds of which were transferred to a bank in Massachusetts. Spierdowis provided a fraudulent corporate bank statement reflecting a balance greater than $ 220,000 but dated prior to the opening of the relevant bank account.
Spierdowis also secured an SBA Economic Disaster Loan (EIDL) in the amount of $ 89,900 using a separate LLC. For the two loans, Spierdowis used different social security numbers from his. He also submitted fraudulent federal tax forms for both LLCs which included his signing, as president of each LLC, and the alleged payment of hundreds of thousands of dollars in salaries to LLC employees during each quarter in 2019. In reality, however, for part of Q1 2019 and all of Q2 – Q4 2019, Spierdowis was in federal custody after violating his probation following a conviction for conspiracy to commit securities fraud. Spierdowis informed the court of his efforts to get work in early 2019 without mentioning anything about his purported chairmanship of either LLC.
The Charges Act provides for a sentence of up to 20 years in prison, three years of supervised release and a fine of up to $ 250,000. Sentences are imposed by a judge in a federal district court based on US sentencing guidelines and other statutory factors.
Acting US attorney Nathaniel R. Mendell and Frederick J. Regan, Special Agent in Charge of US Secret Service, Boston Field Office, made the announcement. The Hull Police Department provided invaluable assistance in the investigation. Deputy U.S. Attorney William Abely, head of Mendell’s criminal division, is continuing the case.
On May 17, 2021, the Attorney General created the COVID-19 Fraud Enforcement Working Group to mobilize the resources of the Department of Justice in partnership with government agencies to strengthen efforts to combat and prevent the pandemic fraud. The Working Group strengthens efforts to investigate and prosecute the most culpable national and international criminal actors and assists agencies responsible for administering relief programs to prevent fraud, among other methods, by scaling up and integrating mechanisms coordination, identifying resources and techniques for uncovering fraudulent actors and their programs, and sharing and leveraging information and knowledge gained from previous enforcement efforts. For more information on the Department’s response to the pandemic, please visit https://www.justice.gov/coronavirus.
Anyone with information about allegations of attempted fraud involving COVID-19 can report it by calling the Department of Justice’s National Center for Disaster Fraud (NCDF) hotline at 866-720 -5721 or via the NCDF web complaint form at: https: // www. .justice.gov / disaster-fraud / ncdf-disaster-complaint-form.