Man accused of setting up phony business to get federal loans, grants
Trapp already in custody on charges of sabotaging police car
Jeremy Trapp, a Brooklyn resident who is already being held in custody on charges of sabotaging an NYPD vehicle’s brake lines, was charged on Thursday by the U.S Attorney’s Office in Brooklyn with inventing a phony business in order to get an Economic Injury Disaster Loan.
According to the U.S. Attorney’s Office for the Eastern District, Trapp, 24, applied for an EIDL loan and grant in June. In the application, Trapp claimed that he was the sole proprietor of a car wash located at his home address in Brooklyn.
Trapp also claimed that he had 10 employees and that his gross revenue for the 12 months before the COVID-19 pandemic was $150,000, the complaint said. Based on Trapp’s representations, the Small Business Administration gave him a $42,500 loan and a $10,000 grant.