ATLANTA — A two-time convicted felon was sentenced to federal prison time for managing a scheme to steal $3 million in at least 15 fraudulent pandemic loans.
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Ian Jackson, 37, of Atlanta, was sentenced to more than 10 years in federal prison on Wednesday, followed by five years of supervised release.
He pleaded guilty June 30 to one count of conspiracy to commit bank fraud, two counts of bank fraud, two counts of wire fraud and two counts of money laundering.
“Jackson recruited accomplices to manipulate pandemic relief programs, stealing more than $3 million earmarked for small business owners who suffered from the pandemic,” said U.S. Attorney Theodore S. Hertzberg.
“Jackson’s decision to orchestrate a multimillion-dollar fraud scheme despite his prior felony convictions for fraud demonstrates a blatant disregard for the law and the American taxpayers he victimized,” said Marlo Graham, Special Agent in Charge of FBI Atlanta.
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Jackson led a scheme that involved nine other business owners to write fake Paycheck Protection Program loan applications containing phony information, as well as fraudulent IRS tax forms to multiple banks.
After each business got $300,000 in aid money, business owners send checks to people who didn’t work for the business, keeping or splitting the rest of the funds. Jackson also got a share.
He also used a fake Georgia driver’s license, fake tax forms and bank statement to apply or attempt to apply for additional pandemic loans, including approximately $100,000 in Economic Injury Disaster Loans (EIDL) and PPP loans, a $237,500 fraudulent PPP loan, and $125,000 in EIDL loans and grants
He spent the funds on personal goods, including restaurant dining, spa services, phone and credit card bills and a trip to Aruba.
Anyone with information about allegations of attempted Pandemic Program 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 SBA Office of the Inspector General Complaint Submission.
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