SANTA CLARA – A South Bay lady was sentenced Wednesday to 1½ years in federal jail for fraudulently acquiring greater than $2.8 million in pandemic aid funds, prosecutors mentioned.
Cassie Will-Darnall, 53, of Santa Clara, beforehand pleaded responsible to at least one rely of financial institution fraud and one rely of wire fraud stemming from a pair of Paycheck Safety Program, or PPP, loans she secured, in accordance with the U.S. Legal professional’s Workplace.
In Could 2020, Will-Darnell submitted a PPP utility as the only real companion of Different Well being Providers Inc., prosecutors mentioned. She falsely said the corporate had 10 workers and a payroll of $387,595, when it truly had no workers or payroll.
Based mostly on the bogus data, a lender accredited and funded a $968,989 mortgage, in accordance with prosecutors.
Will-Darnall filed a second PPP utility in July 2020, prosecutors mentioned. This time, she falsely said the agency had 35 workers and a payroll of $816,551, when once more it had no workers or payroll.
A lender in flip accredited and funded a roughly $1.86 million mortgage, in accordance with prosecutors.
The Paycheck Safety Program – which was administered by the Small Enterprise Administration as a part of the Coronavirus Support, Aid and Financial Safety Act – supplied forgivable loans to small companies for job retention and sure different certified enterprise bills. Funds have been disbursed by SBA-approved third-party lenders.
Along with the jail time period, a choose ordered Will-Darnall to serve three years of supervised launch. Prosecutors mentioned she is going to return to courtroom Oct. 14 for a forfeiture listening to and Dec. 3 for a restitution listening to.
Will-Darnall is predicted to start serving the sentence on Jan. 7, in accordance with prosecutors.
