Federal Authorities Accuse Couple of Fraud, Alleged Million Dollar PPP Loan Scam | Local News
A Cattaraugus County man who has previously been convicted of felony fraud and an Oklahoma woman have been charged with bank fraud and other crimes for what federal prosecutors are calling a scheme to illegally obtain nearly a million dollars through the federal government’s Covid-19 Relief Paycheck Protection Program.
Federal officials said Adam D. Arena, 44, of Great Valley, used some of the illegally obtained PPP loan money to buy two vehicles, while Amanda J. Gloria, 44, of Altus, Oklahoma, had spent $ 43,000 on personal purchases. includes spa services, clothing, restaurant meals and gym memberships.
Arena was convicted in Suffolk County earlier this year for his role in an elaborate national false identity scheme that cost banks and credit unions more than $ 1 million.
In the PPP case, Arena and Gloria conspired to use a missing business to get a loan of $ 954,000 and then misuse the money for personal expenses, according to court documents.
On July 27, 2020, Arena emailed Gloria with five documents claiming to be 2019 federal income tax returns for ADA Auto Group, a Florida-based company, according to a criminal complaint filed in US District Court for the Western District. from New York.
ADA Auto Group, however, was inactive from 2018 to May 2020, according to the complaint.
Gloria sent a request for a PPP loan the same day to a bank seeking a loan of $ 954,000 for ADA Auto Group. She included the tax returns and certified that ADA Auto Group was in business on February 15, 2020 and that the loan would be used for business purposes.