SYCAMORE, Ga. — Department of Justice officials said a Georgia man is facing charges after he allegedly obtained $2.6 million in federal PP loans for businesses that may not have existed.
Anthony Boncimino, 46, who lives in Sycamore in Southwest Georgia, was indicted on July 8 with four counts each of bank fraud, money laundering and making false statements.
[DOWNLOAD: Free WSB-TV News app for alerts as news breaks]
TRENDING STORIES:
According to the indictment, Boncimino submitted at least four fraudulent loan applications for loans on behalf of shell companies, although the companies suffered no losses.
- ‘I didn’t think:’ Men who disarmed shooter at a Hiram bar speak out
- 2 new Varsity locations announced for Georgia
- Couple dead in murder-suicide at Gwinnett County home
Government officials said the businesses either did not exist, did not conduct business or only existed on paper.
“Fraudsters who attempt to capitalize during a global pandemic will face the possibility of federal prosecution for their crimes,” said Acting U.S. Attorney for the Middle District of Georgia Peter D. Leary.
[SIGN UP: WSB-TV Daily Headlines Newsletter]
Boncimino faces a total of 45 years in prison.