Brooklyn man sentenced to 72 months for $1.9M PPP fraud, Bentley seized
On Tuesday in Brooklyn federal court, Leon Miles, 53, was sentenced to 72 months’ imprisonment following his guilty plea to making false statements in an application for over $1.9 million from the Paycheck Protection Program (PPP), which Congress created to disperse COVID-19 relief as a part of the Coronavirus Aid, Relief and Economic Security (CARES) Act.
The court ordered the forfeiture in the amount of $1,904,593 – including a 2020 Bentley seized by the government – and $598,299.39 restitution to the authorized lender.
In May 2020, Miles applied for a PPP loan in the amount of $1,904,593 on behalf of a limited liability company he owns in Brooklyn, and falsely claimed that the company had 50 employees with an average payroll of $761,838. Miles submitted fraudulent personal and business tax returns never filed with the IRS. Miles’ company filed no tax returns with any income and did not disperse any wages to employees. The proceeds of his crime were deposited into his personal savings account.