Boston

MA Pizza Shop Owner Used Fraudulent PPP Loan to Buy VT Alpaca Farm – NECN – Boston, Massachusetts

Boston, Massachusetts 2021-05-05 06:42:06 –

Local business owners struggling to recover from a pandemic are frustrated to hear that Massachusetts pizzeria owners have fraudulently obtained more than $ 660,000 from the Federal Coronavirus Relief Fund.

Dana McIntyre, 57, from Grafton, Vermont, lied about the number of employees and used some of her money to buy an alpaca farm in Vermont to keep it in stock. The federal prosecutor said on Tuesday.

Meanwhile, small business owners have scrambled for federal assistance through paycheck protection programs. The New York Times reported We ran out of funds four weeks before the scheduled end date. Last month, lawmakers extended the PPP deadline to May 31st.

McIntyre was arrested on Tuesday and charged with wire fraud and money laundering, according to a statement from the US Federal Attorney’s Office in Boston. If convicted of both charges, he faces up to 40 years in prison and a $ 750,000 fine.

Prosecutors said McIntyre, who previously lived in Beverly and Essex, Massachusetts, was the owner of Beverly’s Rasta Pasta Pizzeria when he applied for a paycheck protection program loan in April 2020.

However, in his application, he forged the official tax form and claimed that the pizzeria had nearly 50 employees, but records show the size of the loan he is eligible to receive. Was less than 10 people to expand.

“It’s not fair to anyone,” said Danny Dunn, owner of the TD family market in the same strip mall as the pizzeria, struggling to apply for a pandemic fund and spending the money paid to McIntyre. Should have been done.

“Here’s my bill. It’s electricity and gas. I don’t have the money to pay,” Dan said.

Dana McIntyre, 57, from Grafton, Vermont, was arrested Tuesday and charged with wire fraud and money laundering, according to a statement from the US Federal Attorney’s Office in Boston.

After McIntyre received the loan, he sold a pizzeria and used the money to buy and upgrade a farm in Vermont, and bought some alpaca, officials said. He also purchased at least two vehicles, including Hudson in 1950, and the weekly broadcast hours of his crypto-themed radio show, the prosecutor said.

Nicole Leblanc was once a customer.

“I thought he was a good guy. I didn’t know he had abused the money. I think it’s sad for someone to do that,” Leblanc said. “There are other small local businesses that might have been able to take advantage of that help, we saw many places in Beverly nearby.”

The current owner of the pizza shop said it acquired the business in September and has nothing to do with McIntyre’s research.

McIntyre first appeared in a remote location on Tuesday afternoon and was released on $ 100,000 in unsecured debt. He had to give up his passport. McIntyre and his lawyer have not responded to multiple requests for comment.

MA Pizza Shop Owner Used Fraudulent PPP Loan to Buy VT Alpaca Farm – NECN Source link MA Pizza Shop Owner Used Fraudulent PPP Loan to Buy VT Alpaca Farm – NECN

Back to top button