Park City man uses fake PPP loans to buy truck
SALT LAKE CITY (ABC4) – A Park City resident who was originally accused of lying about having millions of high-quality N95 respirator masks for sale was recently charged with illegally requesting and receiving loans in the event of a COVID-19 pandemic.
According to TownLiftEffective March 16, John Anthony Taylor was indicted by a federal grand jury on two counts of making a false statement on a loan or credit application and one count of money laundering.
Taylor allegedly filed claims for both an Economic Injury Loan and a Paycheck Protection Program Loan, both of which were granted to her through the CARES Act under false pretences.
Although Taylor was not qualified to receive either loan, TownLift notes that he raised $36,500 from the Economic Disaster Loan and about $15,600 from the Family Protection Program loan. pay checks. He reportedly transferred some of the funds to another account and used them to purchase a 2014 GMC Sierra pickup truck for over $22,000.
After receiving these new charges, Taylor was on bail in connection with earlier 2020 charges. As reported by TownLift, Taylor was charged with wire fraud in April 2020 after the FBI received information about him and an accomplice announcing their coordination of grouped orders. 3M brand N95 masks.
Amid an investigation into the complaints, TownLift revealed that an undercover FBI agent contacted the two men in April 2020 and requested a bulk order of masks. The men responded and revealed they would be able to expedite the purchase, but when questioned a 3M representative said the company had no record of purchases from either the other of the suspects. Taylor was then charged on April 29.
Taylor was jailed in Weber County Jail on March 10 in connection with the new COVID-19 pandemic loan felonies.