Recently, a Baltimore man has landed in great legal trouble. Recently, we have seen that various organisations and banks in the U.S. have come forward to provide loans to various small businesses and others. The main aim behind this was to help small businesses to make up for the losses due to pandemics and wildfires. In fact, we also know that everyone cannot apply for those loans. There are certain rules and eligibility criteria for them.
However, Dana Lamar Antonio Hayes Jr., a Baltimore man seems to have decided to override the law to get Disaster Relief loans. However, he didn’t stop after fraudulent economic disaster relief loan applications. He even submitted several CARES Act paycheck program protection loan applications frauding the name of a company.
In addition, he also submitted falsified tax documents. Well, this is way too much to escape the hands of the law. As a result, Dana Lamar now stands on the edge. Read the article to know more about the Baltimore fraudster.
Details of The Fraud
A six-count indictment was recently announced by United States Attorney about the Baltimore man. According to it, Hayes submitted numerous fraudulent Economic Injury Disaster Relief loan applications between March 2020 and October 2021. In addition, several Paycheck Protection Plan loan applications were also submitted by him to the Small Business Administration and two ‘unnamed banks’.
Each of the offences is individually heavily punishable by law. However, the Baltimore man seemed to have taken the law for granted as he committed multiple offences. Therefore, whatever punishment is dished out to him, will be a lengthy and harsh one.
Further Details About The Legal Statement
The Department of Justice went into detail about the fraud in the released statement. It further stated that Hayes submitted a fraudulent EIDL loan application for D&L Investment Properties Inc. This company, according to the statement was previously forfeited and recently revived. In addition, the statement added that the loan application contained falsified records about the number of employees and payroll expenses of the company.
In fact, the company had been inactive since 2019. However, Hayes allegedly claimed to have $15,000 in company expenses and equipment costs of $35,000. The statement further details that initially SBA denied to pay the loan. But the alleged Baltimore man remained in constant contact with them to get his loan approved. However, as soon as the loan amount was deposited in the account of the company, he allegedly transferred the amount to his personal account.
Moreover, the indictment further alleged that Hayes forged the name and Preparer Tax Identification number of another person without his consent, to submit fraudulent bank forms. The victim was hired by Hayes to prepare tax returns for Hayes and the company. However, now he claims that they never prepared certain forms for the company.
Possible Punishment for Hayes
Hayes, the infamous Baltimore man has committed multiple offences. Therefore, if convicted, he will have to serve a long time behind the bars. The charges of wire fraud alone can see him behind the bars for 20 years. In addition, for money laundering, his stay at the federal prison may be lengthened by another 10 years. Moreover, he will also have to serve two years in federal prison for aggravated identity theft.
Therefore, a long prison sentence is waiting for the Baltimore man, once he gets convicted. However, federal crimes do not receive the maximum penalties. The actual sentence will be determined by the federal district court judge by using the U.S. Sentencing Guidelines and other statutory factors. Till then the future of Hayes remains shrouded in mystery.
Concluding Lines
The Baltimore man has become quite famous for his activities. However, this is not the desired way to fame. Hayes too, might not have liked it this way. However, the offences that he has committed are serious and too many. Therefore, the punishment will also be serious and lengthy.
However, everything depends on what goes on within the court. Some punishment is to come and that is for sure, But the intensity of the punishment remains yet to be seen. Till then, Hayes will get ample time to reconsider his actions.
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