Plymouth Woman Arrested for Paycheck Protection Program Fraud

Summary

A Plymouth woman has been arrested and charged with wire fraud for submitting fraudulent Paycheck Protection Program (PPP) loan applications on behalf of herself and her father, according to a U.S. Attorney's Office release. Katherine Reynolds, 65, was charged with two counts of wire fraud and released on conditions following an initial appearance in federal court in Boston. It is alleged that the applications falsely claimed that Reynolds and her then 86-year-old father earned over $100,000 per year providing massage services out of their home, and included fraudulent tax forms that were not filed with the IRS. Wire fraud provides for a sentence of up to 20 years in prison, three years of supervised release, and a fine of up to $250,000.

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BOSTON – A Plymouth woman has been arrested and charged with wire fraud for submitting fraudulent Paycheck Protection Program (PPP) loan applications on behalf of herself and her father.
Katherine Reynolds, 65, was charged with two counts of wire fraud. Reynolds was released on conditions following an initial appearance in federal court in Boston earlier today.
According to the charging documents, Reynolds submitted two fraudulent loan applications seeking loans for herself and her father pursuant to the PPP. It is alleged that the loan applications falsely claimed that Reynolds and her then 86-year-old father earned over $100,000 per year providing massage services out of their home. It is further alleged that the loan applications also included fraudulent tax forms that were not filed with the IRS.
The charge of wire fraud provides for a sentence of up to 20 years in prison, three years of supervised release, and a fine of up to $250,000. Sentences are imposed by a federal district court judge based upon the U.S. Sentencing Guidelines and statutes which govern the determination of a sentence in a criminal case.
Acting United States Attorney Joshua S. Levy and Michael J. Krol, Special Agent in Charge of Homeland Security Investigations in New England made the announcement today. The Massachusetts Office of the Inspector General provided valuable assistance in the investigation. Assistant U.S. Attorney Brian Sullivan of the Major Crimes Unit is prosecuting the case.
On May 17, 2021, the Attorney General established the COVID-19 Fraud Enforcement Task Force to marshal the resources of the Department of Justice in partnership with agencies across government to enhance efforts to combat and prevent pandemic-related fraud. The Task Force bolsters efforts to investigate and prosecute the most culpable domestic and international criminal actors and assists agencies tasked with administering relief programs to prevent fraud by augmenting and incorporating existing coordination mechanisms, identifying resources and techniques to uncover fraudulent actors and their schemes, and sharing and harnessing information and insights gained from prior enforcement efforts. For more information on the department’s response to the pandemic, please visit
https://www.justice.gov/coronavirus
and
https://www.justice.gov/coronavirus/combatingfraud
.
Anyone with information about allegations of attempted fraud involving COVID-19 can report it by calling the Department of Justice’s National Center for Disaster Fraud (NCDF) Hotline via the
NCDF Web Complaint Form
.
The details contained in the charging documents are allegations. The defendant is presumed innocent unless and until proven guilty beyond a reasonable doubt in a court of law.

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