June 14, 2024


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Hampton man sentenced for COVID-19 loan fraud while in halfway house

NEWPORT Information, Va. – A Hampton gentleman was sentenced Thursday for falsely applying for financial loans meant to grant COVID-19 relief to little organizations.

In accordance to courtroom documents, in August 2020 and January and February 2021, 44-calendar year-old Marlon McKnight, falsely utilized for 4 financial loans administered by the Little Company Administration. He was sentenced to 27 months in prison.

They say he applied for a few Economic Harm Catastrophe Loans and a single Paycheck Protection Program mortgage working with wrong data, like false company names, revenue, and worker details, as nicely as a phony tax return.

McKnight sought about $100,000 in financial loans and received approximately $35,000. According to the courts, McKnight employed the $35,000 received to fork out his personal charges, contrary to the needs of these financial loans. He submitted particular phony applications from a halfway residence and other folks immediately after just being unveiled from the Bureau of Prisons.

Documents say McKnight had been incarcerated for the reason that this occasion of fraud arrived immediately on the heels of a preceding federal fraud plan whereby McKnight, his spouse, and a number of others victimized financial institutions and stole person identities. He had been sentenced to 30 months for that scheme and ordered to spend practically $100,000 in restitution.

In addition to the 27-month sentence, McKnight was sentenced to an further four months for violating his parole.