A man from Greenacres, Florida, Rodrigue Pierrot, is facing charges for allegedly using $483,570 in falsified COVID-19 business loans for personal expenses. The State Attorney’s Office began investigating loans awarded to Pierrot’s company, King Marketing Group, LLC, in April. Pierrot reportedly obtained an Economic Injury Disaster Grant of $10,000, an Economic Injury Disaster Loan of $78,000, and a Paycheck Protection Program loan of $395,570 by providing false information about his number of employees and payroll. Investigators found that Pierrot’s company had not paid taxes from 2019 to the present day.
The funds from the loans were transferred to a Wells Fargo checking account in Pierrot’s name, where he allegedly transferred money to other businesses or to himself in smaller amounts. Pierrot wrote checks totaling $118,671 to his personal account on the first day of receiving the PPP loan and cashed over $100,000 in checks payable to himself in the following months. Investigators discovered a luxury spending spree by Pierrot from April 2021, which included purchases at Louis Vuitton, Watches of Switzerland, Bitcoin, and JetBlue Airlines.
Pierrot has been accused of two counts of scheme to defraud and money laundering following the investigation. Authorities urge the public to stay updated on local news and events by subscribing to newsletters and following news channels online. Subscribe to CBS12’s YouTube channel for the latest headlines and video updates.
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