CICAMORE, Georgia. – Justice Department officials said one Georgia man was indicted after allegedly receiving $ 2.6 million in federal PP loans for businesses may not have existed.
Anthony Boncimino, 46, who lives in Sycamore in southwest Georgia, was indicted on July 8 on four counts of bank fraud, money laundering and false statements.
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According to the indictment, Boncimino filed at least four fraudulent loan applications on behalf of shell companies, although the companies did not suffer any losses.
Government officials said the businesses either did not exist, did not do business, or only existed on paper.
“Fraudsters trying to make money during a global pandemic will face the possibility of being prosecuted for their crimes,” said Peter D. Leary, acting US attorney for the Middle District of Georgia.
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Boncimino faces a total of 45 years in prison.
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