McGee inflated earnings on loan applications and submitted false documents claiming dozens of non-existent employees on behalf of 17 companies. The scam drained millions of dollars from a major coronavirus relief program set up by Congress at the height of the pandemic. About $6.8 million from the Paycheck Protection Program (PPP) and about $854,000 from the COVID-19 Economic Injury and Disaster Loan Program (EIDL) were taken out, according to one report. A statement of fact filed in court on Friday.
McGee admitted in court filings that he “personally earned” about $5.3 million of the total catch. His attorney, Stuart A. Sears, did not respond to a request for comment. Companies he used to claim relief funds included Infinity Solutions Group, a consultancy firm that made claims from high-profile clients. its websiteincluding Sprint and the IRS.
Other companies McGee has registered and sought relief funds from include Minority Owned Business Coalition, United Basketball Association, Bull Run Capital Investments, Bounce Mania, Onyx Special Police, and Gifted Hands Moving.・There are companies.
Gilcher made $1.4 million from the scheme, but returned checks totaling about $620,000 to McGee’s company Bull Run Capital, prosecutors said.
The US government is spending nearly $5 trillion on coronavirus relief programs, and PPP fraud is rampant. The U.S. Attorney’s Office for the Eastern District of Virginia, which prosecuted Gilcher and Magee, said McGee’s case was investigated by a task force set up to combat such fraud.
Statistics released last year by U.S. Attorney Jessica D. More than 50 people were prosecuted in 26 related fraud schemes.
Gilcher described Maggie as a highly qualified impresario. According to Gilcher’s petition, McGee earned his doctorate from Johns Hopkins University and said he “played football under a legendary coach at the University of Alabama.” That he was an Army Ranger. And he served in the “Old Guard” army regiment at the Tomb of the Unknown Soldier. The document does not say whether Mr Gilcher has verified those claims.
But Gilcher, referring to Gilcher as “Dr. Maggie,” said he had directed him to tamper with the document and that the document was sent to TD Bank and the Small Business Administration, which manages the EIDL program. Gilcher’s attorney, Christopher Liebig, declined to comment on Friday.
According to court records, prosecutors said McGee used the cut to pay for personal expenses, including renovations to her Manassas home and a “significant” mortgage payment on a property that had been foreclosed on before the project. rice field. McGee also admitted to investing in cryptocurrencies and E-Trade platforms, buying cars, paying his children’s tuition, and paying himself and his family through payroll software.
According to Gilcher’s petition, Gilcher and McGee “lost a significant portion of their PPP revenue in their cryptocurrency ventures.”
According to Maggie’s petition, a third man, identified in court documents as Maggie’s brother-in-law, JS, also participated in the plan and received instructions from Maggie on the coronavirus relief loan on behalf of the four companies. It is said that JS has not been publicly charged with wrongdoing as of Friday.
According to documents filed in McGee’s guilty plea, “Maggie had access to the books and records of all the organizations.” Prosecutors said he overstated the number of employees each company claimed, as well as quarterly and annual salaries and total earnings. McGee has admitted to falsifying IRS business tax returns and falsely claiming in his loan application that those returns were filed with the US tax authorities.
In one instance, Magee listed “the real names of 46 individuals he knew” as representatives of companies run by Gilcher. But none of them were on the payroll, Magee’s petition says. “Those names included Maggie’s children, relatives, and others who interacted with or knew Maggie,” he said in his factual statement. “The spreadsheet contained false payroll, hours worked, gross pay, state, federal, Social Security and Medicare taxes that were allegedly withheld. provided the net salaries of the
