[Justice.gov] Owner of Information Technology Services Company Fraudulently Sought More than $13 million in Small Business Administration Paycheck Protection Program Loans
A Winchester man was arrested today and charged with allegedly filing fraudulent loan applications seeking more than $13 million in forgivable loans guaranteed by the Small Business Administration (SBA) for COVID-19 relief through the Paycheck Protection Program (PPP) under the Coronavirus Aid, Relief and Economic Security (CARES) Act.
Elijah Majak Buoi, 38, was charged in a criminal complaint with wire fraud, and will appear in federal court in Boston this afternoon.
I can’t find an image of the gentleman, but the company website lists two physical addresses: the one in Boston and another somewhere in India.
According to the complaint, Buoi is the president and CEO of an information technology services company, Sosuda Tech, LLC. Between April 2020 and June 2020, Buoi allegedly submitted fraudulent applications for over $13 million in PPP loans through SBA-approved lenders. In these applications, Buoi misrepresented the number of employees and payroll expenses and falsely certified that the United States was the primary residence for his employees. Buoi also allegedly submitted falsified documentation in support of his applications for PPP funds. The complaint further alleges that Buoi ultimately received over $2 million in PPP funds. The government has seized approximately $1.98 million from Sosuda’s business bank accounts.
"The defendant tried to defraud an emergency program designed to help businesses, and their employees, survive the most difficult economic crisis since the Great Depression," said United States Attorney Andrew E. Lelling. "This behavior is reprehensible, and my office is committed to rooting out and prosecuting this kind of fraud wherever we find it."
The CARES Act is a federal law enacted on March 29, 2020, designed to provide emergency financial assistance to the millions of Americans who are suffering the economic effects caused by the COVID-19 pandemic. One source of relief provided by the CARES Act was the authorization of up to $349 billion in forgivable loans to small businesses for job retention and certain other expenses, through the PPP. In April 2020, Congress authorized over $300 billion in additional PPP funding.
The PPP allows qualifying small-businesses and other organizations to receive loans with a maturity of two years and an interest rate of 1 percent. PPP loan proceeds must be used by businesses on payroll costs, interest on mortgages, rent and utilities. The PPP allows the interest and principal on the PPP loan to be forgiven if businesses spend the proceeds on these expenses within a set time period and use at least a certain percentage of the loan towards payroll expenses.
This is at least the second time that New England businessmen have been charged with fraud in connection with this program. In May, David A. Staveley, aka Kurt D. Sanborn, 52, of Andover, Massachusetts, and David Butziger, 51, of Warwick, Rhode Island, were accused of applying for loans by claiming to have dozens of employees earning wages at four different business entities when, in fact, there were no employees working for any of the businesses.
#1
"Buoi ultimately received over $2 million in PPP funds. The government has seized approximately $1.98 million from Sosuda’s business bank accounts."
Now that's pretty good going! Give the bureaucrats a cut if he's convicted.
#3
Buoi is the Little Engine That Could: The affidavit*** states that Buoi first filed a PPP application with Bank of America in April for $7.5 million, based on the 353 employees he said he had, all allegedly in Massachusetts. After the bank rejected his request, he tried again with three other lenders, asking each for $2 million, with his employee count on applications ranging from 18 to 96 employees.
The first two lenders also rejected his requests, but the final one, to which he claimed he had 96 US employees, approved his request and he had $2 million deposited in his Bank of America checking account earlier this month.
According to the affidavit, Buoi’s LinkedIn page says he has just five employees, and all are in India, making them ineligible for PPP coverage.
RUFKM? Everything dies of Covid now.
[NY Post] The pilots of a Pakistan airliner that crashed last month, killing 97 people aboard, were preoccupied and distracted by the coronavirus pandemic as they chatted about the bug — trying to land with the wheels still up on their first attempt, according to an initial official report about the disaster.
The Pakistan International Airlines jet slammed into a residential area near Jinnah International Airport in Karachi on May 22, just days after the country lifted coronavirus restrictions and resumed domestic flights ahead of a major Muslim holiday marking the end of the holy month of Ramadan.
Only two people survived the crash of the Airbus A320, which was carrying 91 passengers and eight crew members. A 13-year-old neighborhood girl was critically injured and later died in a hospital.
On Wednesday, Pakistan's aviation minister blamed "human error" by the cockpit crew as well as air traffic controllers who saw the plane's two engines scrape the runway with a shower of sparks, but did not tell the pilots.
Investigators determined that the plane was at more than twice the correct altitude when it first approached the runway, the report said.
The badly damaged engines failed as the pilots attempted a second landing, according to the findings.
"The pilot as well as the controller didn't follow the standard rules," Aviation Minister Ghulam Sarwar Khan said as he announced the findings in parliament.
He said the captain ‐ who had been talking about the pandemic with the first officer ‐ ignored instructions from the controller during the landing attempt.
"The pilot and co-pilot were not focused and throughout they were having a conversation about coronavirus," Khan said.
According to the voice recorder, the pilots had discussed the coronavirus ‐ which apparently had affected their families ‐ throughout the flight, the report found.
The crash occurred as the crew tried to land a second time and the traffic controller told the pilot three times that the aircraft was too low to land but he refused to listen, saying he would manage, Khan said.
Khan told reporters later that when the plane was making an approach for a second landing, it lacked enough power, but the pilots "started discussing corona again."
Just minutes before the crash, the pilot declared an emergency and stated that both engines had failed, Khan said.
Posted by: Frank G ||
06/25/2020 12:40 ||
Comments ||
Link ||
[11133 views]
Top|| File under:
And Hi Canuckistan sniper, nice to hear from you. Although in truth, you may have just snuck through when I wasn't looking.
Posted by: Whiskey Mike ||
06/25/2020 17:41 Comments ||
Top||
#6
One in three pilots in Pakistan has a FAKE flying license
Fewer than those sporting fake inoculation records when they travel abroad? Well done, Pakistan! (Ok, I just invented the statistic, though not the fake inoculation problem)
#3
The surge in Southwest US is directly related to people fleeing Mexican outbreaks. Mexico is overwhelmed. Sick Gringos and Green card holders are flooding the US hospitals along border counties
Posted by: Frank G ||
06/25/2020 7:06 Comments ||
Top||
#4
Just about two weeks (the usual incubation period) after all the demonstrations and riots.
Posted by: Tom ||
06/25/2020 7:10 Comments ||
Top||
#7
#1 947 deaths in Mexico compared to 811 in the US.
US death rate 376/million; Mexico 107/million. Mexico is fattening the curve?
Posted by: Bobby ||
06/25/2020 11:02 Comments ||
Top||
#8
Looks like Texas was just sorta rockin' along (1,000 to 2,000 cases a day) until about two weeks after the May 29 protests, when the cases took a jump to 6,177 yesterday. Corona Virus Bell Curve
Cause and effect b hard.
Posted by: Bobby ||
06/25/2020 11:10 Comments ||
Top||
Posted by: Fred ||
06/25/2020 00:00 ||
Comments ||
Link ||
[11129 views]
Top|| File under: Commies
#1
I wonder if Pudge had a bad case of Kung Flu and Baby Sister was getting frisky, imagining herself as Fearless Leader for Life. But newly recovered Pudge is back in the game (thanks to Trump's medical advice?), large and in charge, so things are getting back to what passes for normal over there.
#4
I suspect the Norks really do fear the destabilizing effect of the South Korean info balloons.
No loudspeaker propaganda will make a country attractive who's defining characteristic is a populace of starving dwarfs engaged in infantile worship of a sadistic fat boy and his family.
By removing the useless loudspeakers they're giving the leftist South Korean government a pretext to stop the balloons.
The meds have worn off again, prescription's run out...
[NYPOST] North Korea ...hereditary Communist monarchy distinguished by its truculence and periodic acts of violence. Distinguishing features include Songun (Army First) policy, which involves feeding the army before anyone but the Dear Leadership, and Juche, which is Kim Jong Il's personal interpretation of Marxism-Leninism, which he told everybody was brilliant. In 1950 the industrialized North invaded agrarian South Korea. Twenty-one countries of the United Nations eventually contributed to the UN force opposing the invasion, with the United States providing around 90% of the military personnel. Seventy years later the economic results are in and it doesn't look good for Juche... ’s embassy in Moscow has threatened to use its nation’s nuclear weapons against the United States in what they claim would be "a particularly sensational event," a Russian state-owned news agency reports.The reporting comes from the TASS news agency, a state-owned wire service known largely as a propaganda outlet for the Kremlin, which claims the embassy sent them the threat in the form of a statement over the weekend.
The agency quotes the embassy as stating, "This year, the U.S. military has been carrying out various kinds of military maneuvers in South Korea and its vicinity with the purpose of striking North Korea quickly."
"A new round of the Korean War will add a particularly sensational event to the history of mankind, which will put an end to another empire, whose name is the United States," it continues.
While the statement has not been reported elsewhere, it was released in the days ahead of the 70th anniversary of the start of the Korean War.
[DailyCaller] President Donald Trump ...Oh, noze! Not him!... announced Wednesday that thousands of U.S. troops would move from Germany to Poland, thanks to what Trump called Germany’s "delinquency."
Trump made the announcement alongside Polish President Andrzej Duda during a joint presser in the White House Rose Garden. Trump thanked Poland for fully meeting its pledge to donate 2% of its annual GDP toward NATO ...the North Atlantic Treaty Organization. It's headquartered in Belgium. That sez it all.... defense efforts, a pledge only seven other countries are currently meeting. U.S. forces in Germany will decrease from 52,000 to roughly 25,000, and Trump said some of those will be moving to Poland.
"We look forward to signing a defense cooperation agreement" with Poland, Trump said.
While Duda thanked Trump for sending troops to his country, he also admitted that he had asked Trump not to remove any military forces from Europe. Under Trump’s move, more soldiers will be present in Poland but fewer forces will be present in Europa ...the land mass occupying the space between the English Channel and the Urals, also known as Moslem Lebensraum... as a whole.
#2
Been hearing about US troops moving to Poland for years and years but nothing. Are the Poles demanding too much in return? In any case, screw all of them. I hope President Trump brings them all home...something 25 years too late.
Posted by: Frank G ||
06/25/2020 10:41 Comments ||
Top||
#6
"Trump thanked Poland for fully meeting its pledge to donate 2% of its annual GDP toward NATO"
How often will this nonsense be repeated? There are no "donations" to NATO. Countries pledge to spend 2% of their GDP on THEIR OWN defense. This can be (and is) done with creative accounting.
Frankly the percentage doesn't matter. What matters is ON WHAT the money is spent. A common European defense would need to spend more than 1%. Just eliminate the redundancies.
Btw. Germany subsidizes every US military person with 15,000 Euros.
The local landlords, butchers, bakers, restaurants (and seamstresses) will be unhappy, but that's about it.
I must say that apart from some locals in Wiesbaden or Grafenwöhr, nobody in Germany cares.
"U.S. forces in Germany will decrease from 52,000 to roughly 25,000"
52,000? Trump keeps repeating that number. it's wrong. 34,500 is the correct number. This means a reduction of 9,500. No big deal.
Posted by: European Conservative ||
06/25/2020 13:48 Comments ||
Top||
#7
"wouldn't need"
Posted by: European Conservative ||
06/25/2020 13:49 Comments ||
Top||
#8
That is about the total US Forces in Europe. The article picked the wrong number.
#9
No the article didn't, Trump did in his Tulsa speech. From the transcript:
Germany is an example. I mean I have a German heritage like some of you. I said, “Let’s get it down from $50,000.00 to $25,000.00 because they’re delinquent. For many years they’re delinquent. They haven’t been paying what they’re supposed to be paying. They’re paying 1% instead of 2% and 2% is a very low number,” and they say, “Yes, we think by
Posted by: European Conservative ||
06/25/2020 18:45 Comments ||
Top||
#10
I figure as long as German troops lack adequate bullets for training and fighting, and adequate spare parts to repair their vehicles, they aren’t spending enough no matter how they parse accounting categories. If the numbers are imaginary, why has Chancellor Merkel repeatedly made promises to increase spending to meet that treaty goal, then subsequently we’ve seen articles saying Germany has not done so?
#12
If I were the German defense secretary I'd deliver a functioning military with 1 % of the German GDP. No bragging.
The quote from Independence Day you certainly all know well:
"You didn't think they actually spent ten thousand dollars for a hammer and thirty thousand for a toilet seat, did you?"
Unfortunately, they DO.
Posted by: European Conservative ||
06/25/2020 22:52 Comments ||
Top||
#13
If I were the German defense secretary I'd deliver a functioning military with 1 % of the German GDP. No bragging.
I have no doubt you could do it, European Conservative. Many others could, as well, on both sides of the pond, if only they were permitted to do so.
I equally have no doubt that if Germany were to deliver that functioning military, President Trump would not fuss about your spending being only half of what has repeatedly been committed to. After all, Germans are famous for spending what it takes to get things that work as they ought, as opposed to things that are merely stylish. That’s what makes the current shortchanging of your military even more frustrating — we expect better of you. ;-)
#14
The U.S. would probably be happy. I'm not so sure about France, Poland, the Netherlands...
Posted by: European Conservative ||
06/25/2020 23:08 Comments ||
Top||
#15
It's almost rollover time, so this will be for another day. Our idea of the military in the 21st century needs to change radically.
Posted by: European Conservative ||
06/25/2020 23:09 Comments ||
Top||
#16
I'm not so sure about France, Poland, the Netherlands...
“Don’t mention the war.” Yeah. But that ended three quarters of a century ago — people really need to get over it. The children of that era are in the eighties and nineties now.
Trust me. Germany still needs to tread carefully in Europe.
Posted by: European Conservative ||
06/25/2020 23:15 Comments ||
Top||
#18
Btw that now famous 2% pledge was never intended to binding, was intendeds as a "towards to" (you know what this political promise means) and was only to be reached in 2024.
No "delinquency" here. The funny (or rather not so funny) thing is that due to Civid-19 German GDP will shrink and therefore we'll reach 1.5 % without spending a dime more.
Posted by: European Conservative ||
06/25/2020 23:19 Comments ||
Top||
#19
And since 2014 Germany has actually increased defense spending by 45%. I really wonder where all that money went.
Posted by: European Conservative ||
06/25/2020 23:22 Comments ||
Top||
Contrary to reports the structures visible in latest satellite pictures are Indian not Chinese. If you missed the livestream with @nitingokhale on the gradual disengagement on LAC flashpoints watch on Twitter 👇🏾 https://t.co/cQQ8EBjxCX
The Health Ministry on Thursday evening reported 668 new cases of coronavirus in Israel in the past 24 hours, as Military Intelligence called for drastic steps to curb this fresh resurgence of the virus.
Military Intelligence on Thursday issued a report recommending the government reconsider its decision to lift public restrictions imposed due to the spread of coronavirus.
The report calls for more public engagement on the dangers posed by the virus and the need to adhere to medical directives in order to fight the increased contagion.
It also urges more testing and tracing efforts to stop clusters of contagion.
The Health Ministry has also urged healthcare providers to step up their testing and tracing measures in hot spots, namely Tel Aviv, Bat Yam, Ashdod and Bnei Brak.
The MI report states that since the beginning of June there has been a clear increase in severe cases of COVID-19, seen as an indication of the prevalence of the disease in the population regardless of the amount of testing conducted by health authorities.
In fact, the report says, it displays how widespread coronavirus is in Israel especially among older people.
Severe illness in COVID-19 patients appears days or weeks after being infected by the virus and the current hospitalization figures represent the nationwide spread of preceding weeks, suggesting that the true number of severely ill cases is greater than can currently be observed.
The IDF warned that Israel is entering a second wave of the pandemic, and that it will be no less severe than the first.
[Brough Superior] Born on April 21, 1890 in Nottingham, Georges, is the second son of William Edouard Brough, a motorcycle builder. In 1920, he decided to follow his own path and then manufactured the most luxurious, powerful motorcycles, in a word "Superior" motorcycles.
Technological jewelry, assembled in white gloves! Once to check that all parts assemble well before painting and chrome, once for final assembly with continuous tests to ensure that the promised speed will be maintained (SS80, 80 mph; SS100, 100 mph).
Production stopped in 1935 and did not restart after the war due to a lack of sufficiently high-quality parts. 3048 motorcycles have been produced in 21 years, including 300 SS100.
Posted by: M. Murcek ||
06/25/2020 00:00 ||
Comments ||
Link ||
[11129 views]
Top|| File under:
#2
Does the motorcycle version come with the rear-mounted rocket booster? Had no idea Aston Martin made such a motorcycle. Beautiful lines but expensive.
[Jpost] The Pentagon’s chief technology officer Mike Griffin, an outspoken advocate for space-based missile defense systems, and his deputy will resign effective July 10 to set up their own company, the director of the Missile Defense Agency said.
Griffin, the Defense Department’s undersecretary of defense for research and engineering since 2018, and his deputy, Lisa Porter, announced their decision at a staff meeting on Tuesday, Vice Admiral Jon Hill said, confirming a report by Inside Defense news service. Griffin oversees the activities of Hill's Missile Defense Agency, the Defense Advanced Research Projects Agency, the Defense Innovation Unit and the DoD Laboratory enterprise.
He was previously chief executive of Schafer Corporation, a professional services provider in the national security sector, and also served as NASA administrator.
#1
Probably not a good place to be homeless when winter comes. They'll be looking to move to LA then.
Posted by: Abu Uluque ||
06/25/2020 14:02 Comments ||
Top||
#2
Mighty generous to take the city's bum population and set them up w/ meals, tents and a one stop illegal drugs mart. Pat yourselves on the back while your kids will be confined at home.
About 25 tents pitched up at Powderhorn Park after they were evicted from their Sheraton hotel accommodation two weeks ago, which was supplied due to the coronavirus outbreak. By last Friday there were 200 tents
That's what happens when you feed them. See: strays, wild animals, vermin.
[RedState] Twitter user and prolific meme maker Carpe Donktum, who is regularly retweeted by President Trump, has been permanently banned from Twitter, allegedly because of a copyright infringement claim lodged by the parents of one of the toddlers in a satirical “racist toddler” video Donktum created that was tweeted by POTUS.
The original video showed two toddlers, one white and one black, running to hug one another. The version posted by Donktum, mocking CNN’s habit of posting chyrons stating pretty much the opposite of what the truth is, was edited to make it appear that the black toddler was running away from the white toddler, presumably in fear. The chyron read: “Terrified toddler runs from racist baby.”
After the black toddler’s fathers lodged a copyright claim, both Twitter and Facebook removed the video, which, for the moment, survives on YouTube:
That was at the time this piece was posted. Not anymore.
The man who runs the Carpe Donktum Twitter account says that he received a takedown notice from Twitter Tuesday morning and complied, but received a suspension letter a few hours later.
#3
I've never seen a receipt with so little information in the last 5 years.
I've never paid for a meal without looking at the receipt; especially so at a sit down restaurant/bar. He has both copies unless, for some odd reason, the bar does triple copy and the customer got the shit ticket.
Their thermal printer does two different tones? Where do I get one of those and why would I?
Hold up. 2-Copy thermal paper?
Fonting is off, margin is off, points are off.
Its all crap.
PS love the JH glee club level acting of the rapporteur.
A multi-volume chronology and reference guide set detailing three years of the Mexican Drug War between 2010 and 2012.
Rantburg.com and borderlandbeat.com correspondent and author Chris Covert presents his first non-fiction work detailing
the drug and gang related violence in Mexico.
Chris gives us Mexican press dispatches of drug and gang war violence
over three years, presented in a multi volume set intended to chronicle the death, violence and mayhem which has
dominated Mexico for six years.
Rantburg was assembled from recycled algorithms in the United States of America. No
trees were destroyed in the production of this weblog. We did hurt some, though. Sorry.
...hereditary Communist monarchy distinguished by its truculence and periodic acts of violence. Distinguishing features include Songun (Army First) policy, which involves feeding the army before anyone but the Dear Leadership, and Juche, which is Kim Jong Il's personal interpretation of Marxism-Leninism, which he told everybody was brilliant. In 1950 the industrialized North invaded agrarian South Korea. Twenty-one countries of the United Nations eventually contributed to the UN force opposing the invasion, with the United States providing around 90% of the military personnel. Seventy years later the economic results are in and it doesn't look good for Juche...
...the land mass occupying the space between the English Channel and the Urals, also known as Moslem Lebensraum...
[RedState] Twitter user and prolific meme maker Carpe Donktum, who is regularly retweeted by President Trump, has been permanently banned from Twitter, allegedly because of a copyright infringement claim lodged by the parents of one of the toddlers in a satirical “racist toddler” video Donktum created that was tweeted by POTUS.
