United States v. Scott Suber

Case summary

Scott Suber, 39, of Virginia Beach, pleaded guilty to bank fraud for submitting a fraudulent Paycheck Protection Program loan application and using the proceeds for his own benefit, including large cash withdrawals and travel to Las Vegas.¹

According to court documents, Suber submitted a fraudulent application to Celtic Bank, falsely representing that his business, Debris or Not Debris Property Preservation, Inc., had eight employees and average monthly payroll of $140,000. In support, he submitted a false Form 941 quarterly tax return claiming $420,000 in quarterly wages and $36,620 in federal tax withholding, along with a bank statement with an altered date. Celtic Bank approved and funded a $350,000 PPP loan, transferring the money to a Wells Fargo account Suber maintained in the company's name. Rather than use the funds for payroll, lease, or utilities as the application specified, Suber withdrew cash, traveled to Las Vegas, and made non-business payments to several individuals.¹

U.S. District Judge Robert G. Doumar sentenced Suber to two years in prison. The case, No. 2:20-cr-110 in the Eastern District of Virginia, was announced with IRS Criminal Investigation, the SBA Office of Inspector General and the FBI's Norfolk Field Office, and prosecuted by Assistant U.S. Attorney Alan M. Salsbury.²

Notes

1. U.S. Attorney's Office for the Eastern District of Virginia, "Businessman Pleads Guilty to Paycheck Protection Program Fraud" (original), December 9, 2020. ↩₁ ↩₂
2. U.S. Attorney's Office for the Eastern District of Virginia, "Virginia Beach Businessman Sentenced for COVID-Relief Fraud Scheme" (original), May 20, 2021. ↩

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