Illinois man charged with COVID fraud
Summary
U.S. Attorney Michael DiGiacomo announced that Joseph Giannini of Chicago, IL, pleaded guilty before U.S. District Judge Charles J. Siragusa to conspiracy to commit wire fraud, which carries a maximum sentence of 20 years in prison and a $250,000 fine. Assistant U.S. Attorney Kyle P. Rossi stated that in April and May 2020 Giannini submitted false applications to the Paycheck Protection Program (PPP) and Economic Injury Disaster (EIDL) loan programs. Giannini applied for seven fraudulent loans, and in total applied for $606,635.00 in loans, for which Giannini was paid $280,135.00. One application was submitted on behalf of the Rochester business Spin Marketing Inc., owned by co-defendant Ann Spinosa, who is currently charged by federal indictment. Sentencing is scheduled for September 29, 2025.
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“Illinois man charged with COVID fraud.”
Original at www.justice.gov. Archived at Pandemic Darlings, https://pandemicdarlings.com/source-documents/2025-05-29-illinois-man-charged-with-covid-fraud-0c405e93-52f15f6104/
, SHA-256 62e31201848559d24b318874eb806b9dbce0cb5f957fde709b563a9a6ece0306.Full text
ROCHESTER, N.Y.-U.S. Attorney Michael DiGiacomo announced today that Joseph Giannini, 54, of Chicago, IL, pleaded guilty before U.S. District Judge Charles J. Siragusa to conspiracy to commit wire fraud, which carries a maximum sentence of 20 years in prison and a $250,000 fine. Assistant U.S. Attorney Kyle P. Rossi, who is handling the case, stated that in April and May 2020, Giannini submitted false applications to the Paycheck Protection Program (PPP), and Economic Injury Disaster (EIDL) loan programs, which were intended to provide funding to businesses that were negatively impacted by the COVID-19 pandemic. Giannini applied for seven fraudulent loans for various businesses, making false representations about profits and employee payrolls for those businesses. In total, Giannini applied for $606,635.00 in loans, for which he was actually paid $280,135.00. One of the fraudulent applications was submitted on behalf of the Rochester business Spin Marketing Inc., which is owned by co-defendant Ann Spinosa. Spinosa is currently charged by federal indictment. The plea is the result of an investigation by the Internal Revenue Service Criminal Investigations Division, under the direction of Special Agent in Charge Harry Chavis. Sentencing is scheduled for September 29, 2025, at 9:30 a.m. before Judge Siragusa.
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