LI Nail Studio Chain Accused of PPP Loan Fraud: US Attny

0

HICKSVILLE, NY – The owners of the Victoria Nails and Spa chain salon falsified employee paychecks when they applied for $ 13 million in payment protection program loans, US prosecutors said.

Ngoc Manh “Peter” Nguyen, 44, and Victoria Dieuy Ho, 31, both of Hicksville and Dat Tat Ho, 33, of the Bronx, have been charged with conspiracy to conduct bank and wire transfer fraud in the United States, and conspiracy to testify, respectively According to a press release from the US Attorney’s Office.

They are members of a family who own a chain of over 15 nail salons called Victoria Nails and Spa and the Victoria Companies on Long Island, which also includes locations in Broadway Commons Mall in Hicksville, Green Acres Mall in Valley Stream and another location in Smithtown, reported Newsday.

Find out what’s happening inside Hicksville with free real-time updates from patch.

The trio filed fraudulent claims for loans totaling over $ 13 million, but only about $ 7.8 million were withdrawn in bank accounts controlled by Nguyen, Dat Ho and other family members, US prosecutors said with.

One of the trio conducted Internet searches for “PPP scams,” “PPP loan fraud arrests,” and “How to Get Rid of a PPP Loan” after the nail salon’s bank accounts were suspended for suspected fraud, prosecutors said. The company’s loans were then withdrawn and / or repaid, according to prosecutors.

Find out what’s happening inside Hicksville with free real-time updates from patch.

Payment protection program loans were topped up last year under the Coronavirus-Aid, Relief and Economic Security Act to help businesses stay afloat during the COVID-19 pandemic.

“Unfortunately, the owners of Victoria Nails and Spa viewed this program as their own personal piggy bank,” said William Sweeney, assistant director of the Federal Bureau of Investigation.

If convicted, family members face up to 30 years imprisonment on the main allegation of conspiracy to commit bank fraud, the prosecutor said.

To request the removal of your name from an arrest report, submit these required articles to [email protected]

The rules for answering:

  • Be polite. This is a space for friendly local discussion. Racist, discriminatory, vulgar or threatening language will not be tolerated.
  • Be transparent. Use your real name and substantiate your claims.
  • Keep it local and relevant. Make sure your answers stay on topic.
  • Check the Patch Community Guidelines.


Source link

Share.

Comments are closed.