The previous proprietor of a Massachusetts pizzeria is accused of fraudulently acquiring greater than $600,000 in stimulus loans and utilizing among the cash to purchase an alpaca farm.
The person, Dana L. McIntyre, 57, was arrested Tuesday and charged in a felony criticism with one depend every of wire fraud and cash laundering,.
McIntyre, of Grafton, Vermont, is alleged to have submitted a fraudulent utility in April 2020 for the Small Enterprise Administration’s Paycheck Safety Program, which was created to assist small companies struggling to remain afloat throughout the coronavirus pandemic.
Authorities stated McIntyre owned Rasta Pasta Pizzeria in Beverly, Massachusetts, when he falsely claimed on his mortgage utility that he employed practically 50 individuals. He truly had fewer than 10 employees, authorities stated.
After he bought the mortgage, he closed the restaurant and used practically all the cash “for private bills, together with to buy and improve a farm in Vermont in addition to to purchase a number of alpacas,” the U.S. legal professional’s workplace alleged in an announcement.
McIntyre additionally purchased two automobiles and “weekly airtime for a cryptocurrency-themed radio present,” prosecutors alleged.
Jason M. Stelmack, an legal professional for McIntyre, stated in an announcement Wednesday, “He denies the allegation and can touch upon the case at a later date.”
An individual who answered the cellphone at a quantity listed for McIntyre stated he had no remark.
McIntyre faces as much as 20 years in jail on every cost if convicted. On-line court docket data present that he was launched on bond.