St. David Man Pleads Guilty to COVID Loan Fraud and Tax Fraud
Summary
A release from the U.S. Attorney's Office, District of Arizona reports that Roy L. Layne of St. David pleaded guilty to two counts of Wire Fraud and one count of Filing a False Claim. Layne admitted fraudulently applying for SBA Economic Injury Disaster Loans, Paycheck Protection Program Loans, and pandemic-related tax relief in the names of fictitious business entities, himself, and others, receiving $306,700 that Layne was not entitled to. Layne also filed false claims for tax refunds with the Internal Revenue Service totaling over $7.4 million, receiving and keeping $549,992 that Layne was not entitled to. The plea agreement calls for restitution to the SBA and the U.S. Treasury totaling $856,692.91, and sentencing is scheduled for February 3, 2025.
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“St. David Man Pleads Guilty to COVID Loan Fraud and Tax Fraud.”
Original at www.justice.gov. Archived at Pandemic Darlings, https://pandemicdarlings.com/source-documents/2024-08-29-st-david-man-pleads-guilty-to-covid-loan-fraud-and-tax-frau-9b8a6ab991/
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TUCSON, Ariz. – Roy L. Layne, 44, of St. David, pleaded guilty yesterday to two counts of Wire Fraud and one count of Filing a False Claim. Sentencing is scheduled for February 3, 2025, before United States District Judge John C. Hinderaker. Layne admitted that during the COVID-19 global pandemic he fraudulently applied for U.S. Small Business Administration (SBA) Economic Injury Disaster Loans, SBA Paycheck Protection Program Loans, and pandemic-related tax relief in the names of fictitious business entities, himself, and others. Layne filed numerous fraudulent SBA loan applications, ultimately receiving $306,700 that he was not entitled to. Layne also filed numerous false claims for tax refunds with the Internal Revenue Service totaling over $7.4 million, receiving and keeping $549,992 that he was not entitled to. In his plea agreement, Layne has agreed to pay restitution to the SBA and the U.S. Treasury totaling $856,692.91. A conviction for Wire Fraud carries a maximum penalty of 30 years in prison, a fine of $1,000,000, or both, and a term of five years of supervised release. A conviction for Filing a False Claim carries a maximum penalty of five years in prison, a fine of $250,000, or both, and a term of three years of supervised release. Internal Revenue Service Criminal Investigation and the Federal Bureau of Investigation conducted the investigation in this case. Assistant U.S. Attorney Mary Sue Feldmeier, District of Arizona, Tucson, and Department of Justice Trial Attorney Matthew R. Hoffman, Tax Division, Washington, D.C., are handling the prosecution. CASE NUMBER: CR-24-04907-TUC-JCH RELEASE NUMBER: 2024-118_Layne # # # For more information on the U.S. Attorney’s Office, District of Arizona, visit http://www.justice.gov/usao/az/ Follow the U.S. Attorney’s Office, District of Arizona, on X @USAO_AZ for the latest news.
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