A Nigerian Adedayo Ilori, resident in Queens New York, has been charged with $7.5M fraud against the United States government, an offence that carries a sentence of 10 years in prison.
Ilori, 42, was jointly charged with an American Chris Recamier, who is 56 years old.
An indictment was filed in Manhattan federal court Wednesdaay charging both men with a fraudulent scheme to obtain more than $7 million in Government-guaranteed loans designed to provide relief to small businesses during the COVID-19 pandemic
Damian Williams, the United States Attorney for the Southern District of New York, and Keith A. Bonanno, Special Agent in Charge of the Department of Justice Office of the Inspector General (“DOJ OIG”) Cyber Investigations Office, announced the indictment.
To benefit fraudulently from the relief available from the Paycheck Protection Program (“PPP”) and the Economic Injury Disaster Loan (“EIDL”) Program, Ilori and Recamier falsely represented to the Small Business Administration (“SBA”) and private lenders that they operated a number of companies.
They used stolen identities and submitted falsified tax documents.
The case filed at the Manhattan court has been assigned to U.S. District Court Judge Mary Kay Vyskocil.
Recamier and Ilori are both in custody.
U.S. Attorney Damian Williams said: “As alleged, Adedayo Ilori has made quite a habit of committing loan fraud.
“While previously facing similar charges in a separate case involving loan and identity fraud – to which Ilori pled guilty in April of this year – he is once again alleged to have committed similar conduct to defraud the SBA and private lenders in an attempt to steal much-needed COVID-19 financial relief.
“Ilori and his co-defendant, Chris Recaimer, now face criminal charges for attempting to steal over $7 million in funds specifically designated to assist small businesses struggling with financial hardships from the worldwide COVID pandemic.”
DOJ OIG Special Agent in Charge Keith A. Bonanno said: “Ilori and Recamier allegedly stole the identities of individuals and companies and fraudulently obtained over a million dollars intended to help those suffering from hardship due to the COVID-19 pandemic. The Pandemic Response Accountability Committee COVID-19 Task Force is dedicated to rooting out these kinds of schemes and bringing the fraudsters to justice.”