Peabody Man Pleads Guilty to Theft of Government Money

Summary

The U.S. Attorney's Office for the District of Massachusetts announced that Jonathan Carpenter, 52, of Peabody pleaded guilty to theft of government money for fraudulently obtaining $125,000 in Economic Injury Disaster Loan funds in 2020. He obtained the loan for Homeland Electric, an electrical contractor that had not existed for approximately five years at the time of his application, and falsely claimed it was established on March 1, 2011, had gross receipts of $250,000 and had eight employees as of Jan. 21, 2020. He also failed to indicate that he had a criminal record. Judge Myong J. Joun scheduled sentencing for Sept. 3, 2026; the charge provides for up to 10 years in prison and a fine of $250,000.

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Full text

BOSTON – A Peabody man pleaded guilty to fraudulently obtaining over $100,000 in coronavirus relief funds. Jonathan Carpenter, 52, pleaded guilty to theft of government money before U.S. District Court Judge Myong J. Joun who scheduled sentencing for Sept. 3, 2026. Carpenter was arrested and charged in January 2026 . Carpenter defrauded the United States Small Business Administration in 2020 by applying for and obtaining an Economic Injury Disaster Loan (EIDL). The Coronavirus Aid, Relief, and Economic Security Act authorized SBA to provide EIDLs to eligible small business experiencing financial disruption due to the COVID-19 pandemic. Carpenter fraudulently obtained $125,000 in EIDL funds for Homeland Electric, an electrical contractor that had not existed for approximately five years at the time of his application. In addition, Carpenter falsely claimed that Homeland Electric was established on March 1, 2011; had gross receipts of $250,000; and had eight employees as of Jan. 21, 2020. Carpenter also failed to indicate that he had a criminal record. The charge of theft of government money provides for a sentence of up to 10 years in prison, three years of supervised release and a fine of $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. United States Attorney Leah B. Foley and Ted E. Docks, Special Agent in Charge of the Federal Bureau of Investigation, Boston Division made the announcement. Valuable assistance was provided by Peabody Police Department. Assistant U.S. Attorney Timothy E. Moran of the Securities, Financial & Cyber Fraud Unit is prosecuting the case.

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