East Providence Man Alleged to Have Fraudulently Applied for Eight COVID-Relief Business Loans
Summary
A press release of the U.S. Attorney's Office for the District of Rhode Island dated Wednesday, March 30, 2022, announcing that Kevin Mancieri, 48, of East Providence made an initial appearance on a criminal complaint charging conspiracy to commit bank fraud. It states that he allegedly filed eight fraudulent loan applications seeking more than $337,000 in COVID-19 relief business loans guaranteed by the Small Business Association, as the release names it. Charging documents allege that, alone or with others, he applied for two loans in his own name and six in the names of others. The release number is 22-56.
Summary drafted by a model from the document's text below and checked by script against that text before publication. It is a navigation aid, not a reading of what the document proves. Where AI is used
Full text
You are here Justice News Department of Justice U.S. Attorney’s Office District of Rhode Island FOR IMMEDIATE RELEASE Wednesday, March 30, 2022 East Providence Man Alleged to Have Fraudulently Applied for Eight COVID-Relief Business Loans PROVIDENCE, R.I. – An East Providence man made an initial appearance in federal court in Providence today on charges that he filed eight fraudulent loan applications seeking more than $337,000 in Small Business Association (SBA) guaranteed COVID-19 relief business loans, announced United States Attorney Zachary A. Cunha. Kevin Mancieri, 48, is charged, by way of criminal complaint, with conspiracy to commit bank fraud. Charging documents allege that Mancieri, acting alone or with the assistance of others, applied for eight loans: two in his own name and six in the names of others. Applications were allegedly submitted in the names of four different sole proprietorships purporting to perform flooring and carpeting services. The applications are alleged to have falsely represented that multiple employees worked for these different companies, when, in fact, there were few if any, such employees; the applications were also allegedly supported with digitally altered personal bank statements, business bank account records, and tax records. It is alleged that Mancieri fraudulently sought at least $337,096 in forgivable SBA guaranteed loans, and that his applications caused at least $131,414 in funds to be disbursed. It is alleged that he personally received approximately $29,038 in loan proceeds and conspired with others to receive up to half of the proceeds disbursed to other entities. It is further alleged that Mancieri received at least $49,400 in kickbacks for applying for fraudulent loans for his associates. Mancieri was ordered detained following his initial appearance in U.S. District Court. A federal criminal complaint is merely an accusation. A defendant is presumed innocent unless and until proven guilty. The case is being prosecuted by Assistant U.S. Attorney Lee H. Vilker. The matter was investigated by the FBI and Internal Revenue Criminal Investigation. Mancieri was arrested at his home this morning by federal agents, with the assistance of the Rhode Island State Police. ### Topic(s): Coronavirus Financial Fraud Component(s): Federal Bureau of Investigation (FBI) USAO - Rhode Island Contact: Jim Martin (401) 709-5357 Press Release Number: 22-56 Updated March 30, 2022
File and source
- File
- usao-ri-pr-east-providence-man-alleged-have-fraudulently-applied-eight-covid-relief-business-loans-0.html
- Size
- 44,811 bytes
- SHA-256
- e1744c2809bfeba1a09d9849805ed993d21996468ebfe448ed8201ade8e36eb8
- Original
- www.justice.gov