Profiles · PrincipalsControversial
- Type
- Person
- Role
- Executive
- Programs
- PPP
- Updated
The profile
One of five people charged by complaint on July 19, 2023, in a multi-state COVID-19 relief program bank-fraud conspiracy in New Jersey, accused of signing PPP applications and participating in loan-forgiveness paperwork fraud. He pleaded guilty to one count of money laundering in May 2024 and was sentenced that October to six months in prison and six months of home detention. In September 2025, an immigration court ordered his removal to the United Kingdom on the strength of the conviction.
Individuals whose conduct was challenged or called into question during or after the pandemic. See sources: Plea agreement, May 23, 2024 Judgment, Oct. 3, 2024
In the archive
Identity and role
Sieff Robert Sargeant was a co-defendant in a bank-fraud conspiracy prosecuted in the U.S. District Court for the District of New Jersey, alongside Eric Rivera, Lisa Smith, Adrienne Ponzo, James Wessels, Yasha Barjona, and William Ingram.
The scheme and pandemic-relief role
According to the FDIC Office of Inspector General's July 2023 charging release , Sargeant signed PPP applications and participated in a loan-forgiveness paperwork scheme as part of a multi-state COVID-19 relief program fraud conspiracy. The 2024 DOJ releases identified the lender only as "a national financial institution"; the January 2026 KeyBank False Claims Act settlement release and agreement identify the branch that processed the scheme's loans as KeyBank's Conshohocken, Pennsylvania branch, managed by Tommy Hawkins.
Legal status / controversies
- Charged: July 19, 2023, by complaint, on conspiracy to commit bank fraud and conspiracy to commit money laundering, U.S. District Court for the District of New Jersey (FDIC OIG release, DOJ releases).
- Pleaded guilty: May 23, 2024, to a one-count information charging money laundering, 18 U.S.C. § 1956(a)(1)(A)(i), before U.S. District Judge Karen M. Williams in Camden. The docket minute entry (Dkt. 25) dates the plea hearing May 23, 2024; the May 30, 2024 DOJ release announced it a week later. Per the release, his business received a PPP loan in April 2021 on a fraudulent application, and he laundered the proceeds through fake payroll checks that a friend cashed and returned to him; the judgment dates the offense to July through September 2021.
- Forfeiture: consent judgment and order of forfeiture entered with the plea (Dkt. 28, May 23, 2024; our copy is image-only, so the money-judgment amount is cited to the docket).
- Sentenced: Oct. 2, 2024, to six months in prison and six months of home detention (DOJ Oct. 21, 2024 release, judgment Dkt. 35, image-only). The judgment was signed Oct. 3, 2024, the date the KeyBank settlement release uses.
- Ordered removed: Sept. 10, 2025. The Chelmsford Immigration Court's amended order (Dkt. 38-1) found him removable and ordered removal to the United Kingdom; both sides waived appeal.
Where they are now (2025–2026)
Facing removal under the Sept. 10, 2025 amended immigration order (Dkt. 38-1). On Sept. 22, 2025 Judge Williams released his bond obligation and ordered his passport returned (Dkt. 39).
Court records
- United States v. Sieff Robert Sargeant — U.S. District Court, D.N.J. (No. 1:24-cr-00360-KMW)
Sources
- FDIC OIG, "Five Individuals Charged in Multi-State COVID-19 Relief Program [Fraud]": https://fdicoig.gov/news/investigations-press-releases/five-individuals-charged-multi-state-covid-19-relief-program local copy
- DOJ USAO-NJ, "Bank Manager Admits Coordinating Multistate COVID-19 Relief Program Fraud Scheme; New York Man Admits Laundering Proceeds" (May 30, 2024): 2024 05 30 Bank Manager Admits Coordinating Multistate Covid 19 Relief Program Frau C8a5417b (original: justice.gov · stored capture)
- Local archive copy: 2024-05-30 bank manager admits coordinating multistate covid-19-relief program frau c8a5417b
- DOJ USAO-NJ, "Bank Manager Sentenced to 65 Months in Prison for Coordinating Multistate COVID-19 Relief Program Fraud Scheme" (Oct. 21, 2024): 2024 10 21 Bank Manager Sentenced To 65 Months In Prison For Coordinating Multistat 3305c8ca (original: justice.gov · stored capture)
- Local archive copy: 2024-10-21 bank manager sentenced to-65-months in prison for coordinating multistat 3305c8ca
- DOJ USAO-NJ, "Key Bank Agrees to Pay $7.7 Million to Resolve Branch Manager's Fraud" (Jan. 7, 2026): DOJ 2026 01 07 Keybank 7 7m Fca Settlement (original: justice.gov · stored capture)
- Local archive copy: DOJ 2026-01-07 KeyBank-7.7M FCA settlement
- Settlement agreement, United States and KeyBank National Association (executed Dec. 1, 2025; announced Jan. 7, 2026): https://www.justice.gov/usao-nj/media/1422621/dl local copy
- Local archive copy: DOJ US and KeyBank Settlement Agreement 2026-01-07
- Docket and filings, United States v. Sargeant, No. 1:24-cr-00360 (D.N.J.), PACER materials retrieved June 16, 2026: sargeant-1-24-cr-00360
- Plea-hearing minute entry, May 23, 2024 (Dkt. 25): gov.uscourts.njd.549140.25.0
- Consent judgment and order of forfeiture, $147,000 (Dkt. 28): gov.uscourts.njd.549140.28.0
- Judgment, signed Oct. 3, 2024 (Dkt. 35): gov.uscourts.njd.549140.35.0
- Amended immigration-court order of removal, Sept. 10, 2025 (Dkt. 38-1): gov.uscourts.njd.549140.38.1
- Order releasing bond obligation and returning passport, Sept. 22, 2025 (Dkt. 39): gov.uscourts.njd.549140.39.0
- Related profile: Lisa Smith
- Related profile: William Ingram
- Related profile: Yasha Barjona