Edward Moise PPP and EIDL case — U.S. District Court, S.D. Fla.

Case summary

Edward Moise was prosecuted in the U.S. District Court for the Southern District of Florida, Fort Lauderdale Division, No. 0:21-CR-60293-WPD. He pleaded guilty to count one of a criminal information charging conspiracy to defraud the United States under 18 U.S.C. § 371, with the offense ending August 31, 2020. His factual proffer records that he took part in a scheme to submit false applications for Small Business Administration COVID-19 relief, including Paycheck Protection Program loans and Economic Injury Disaster Loans, paid and facilitated kickbacks, and received proceeds from loans submitted for companies under his control. On March 15, 2022 the court sentenced him to 18 months' imprisonment, three years of supervised release, a $100 assessment and restitution of $864,147.45, and remanded him to the Marshal.

Case at a glance

What does the factual proffer describe?

A scheme running to about November 2020 to submit and cause the submission of false applications for SBA pandemic relief, including PPP loans and EIDLs, with kickbacks paid in furtherance of it. One example given is a PPP application for a company, MLG, seeking about $175,022 on a claimed monthly payroll of about $70,009 for 31 employees; a bank deposited about $175,022 into MLG's account on or about June 19, 2020, when the balance had been about $188.89.

What were the financial terms?

Restitution of $864,147.45 and a $100 assessment, with no fine and the interest requirement on restitution waived. Payments run at 50 percent of UNICOR wages or a minimum of $25.00 a quarter during incarceration.

What happened after sentencing?

The page carries a section 5K1.1 motion to reduce sentence filed March 15, 2022, a preliminary order of forfeiture of the same date, and an order modifying the conditions of supervision entered June 21, 2024.

Summary written from the documents on this page; every sentence is sourced.