Florida man, woman accused of applying for coronavirus loans for non-existent businesses

MIAMI – A man and woman in South Florida are accused of attempting to secure $ 1.1 million in federal coronavirus relief loans for businesses that did not exist.

Miami neighbors Latoya Stanley, 38, and Johnny Philus, 33, were indicted on Wednesday in an unsealed complaint of wire fraud and misrepresentation, the South Florida District Attorney’s Office said in a statement from hurry.

The complaint alleges that Stanley claimed to employ 18 people for a cosmetics company and five for a farm at his Miami home. According to prosecutors, Philus claimed to employ 29 people for his car business and 10 more on a farm in his backyard. Stanley and Philus both live in residential homes with small yards, officials said.

The online court records did not mention lawyers for Stanley or Philus who could comment on the case.

The Paycheck Protection Program represents billions of dollars in forgivable small business loans for Americans struggling due to the COVID-19 pandemic. It’s part of the Coronavirus Aid, Relief and Economic Security Act, which became federal law in March.

Copyright 2020 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.

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