David Staveley (Wayland Police branch)
A Massachusetts man who faked his suicide to keep away from fraud fees over greater than $540,000 in Covid-19 relief loans has been jailed.
David Staveley, 53, was the first person in the united states to be charged for fraud linked to the CARES Act, which was created to support struggling small businesses all the way through the pandemic.
Staveley, who is also called Kurt David Sanborn and David Sanborn, turned into accused of conspiring with David Andrew Butziger, fifty three, of Rhode Island to file four fraudulent loan applications.
Investigators say the guys falsely told a financial institution in Rhode Island that they owned a restaurant enterprise with massive monthly payrolls.
Staveley admitted to the fraud and in may additionally 2020 changed into released on home detention and geared up with an digital monitoring gadget.
Prosecutors say that Staveley then bring to a halt the monitoring machine and staged his own dying by using leaving suicide notes, together with one for his 81-year-old mom, earlier than leaving his motor vehicle via the ocean.
He then travelled to a string of different states the use of false identities and stolen license plates.
After a nationwide search by the us Marshals carrier he became arrested in Alpharetta, Georgia, in July 2020.
Staveley turned into sentenced to fifty six months in federal jail, on one count of conspiracy to commit bank fraud and one count number of failure to appear in court.
Federal judge Mary McElroy instructed a crying Staveley that he changed into guilty of a "get wealthy brief" scheme as she sentenced him in providence, Rhode Island.
"It's my fault. I take accountability," Staveley mentioned of the forgivable loan functions he made for a total of $543,959 for organizations he did not personal or that had closed down.
"He quite simply noticed a way to steal hundreds of lots of do llars for himself," stated Assistant US lawyer Lee Vilker.
Authorities say that Staveley has a lengthy crook list, including wire fraud convictions from New Hampshire.
Mr Butziger is because of be sentenced on 1 November 2021.
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