East Providence Person Sentenced for Fraudulently Making use of for COVID-Reduction Business enterprise Financial loans | USAO-RI

PROVIDENCE, R.I. –  An East Providence man who submitted eight fraudulent loan applications searching for more than $375,000 in COVID-19 reduction company financial loans assured by the federal Modest Enterprise Administration has been sentenced to four many years in federal prison, introduced United States Attorney Zachary A. Cunha.

Kevin Mancieri, 49, submitted fraudulent Paycheck Safety Software (PPP) apps to protected the financial loans, finish with fabricated lender data and tax sorts. In addition to submitting two fraudulent apps in his individual identify, Mancieri organized fraudulent purposes in the names of four other men and women that he was associated with. Moreover, Mancieri utilized a stolen identification and submitted a fraudulent PPP application in that person’s title as properly, trying to find an added $60,710 in financial loans.

According to info introduced to the court, Mancieri submitted fraudulent PPP applications searching for a overall of $375,928, ensuing in a loss of $152,246.  Of that amount, Mancieri individually attained $92,438.

Mancieri pleaded guilty on August 15, 2022, to conspiracy to commit financial institution fraud, access system fraud, and aggravated identity theft. Mancieri was sentenced today by U.S. District Courtroom Choose William E. Smith to forty-eight months in federal prison to be followed by 3 a long time of federal supervised launch. In addition, Mancieri was fined $10,000 and purchased to pay back restitution in the volume of $152,246.

The circumstance was prosecuted by Assistant U.S. Legal professional Lee H. Vilker.

The make a difference was investigated by the FBI and Inside Profits Felony Investigation.


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