Pizza place owner went on spending spree with $600K in ppp $: upgrade farm, vehicles, spa, alpacas

[Demovictory9]

Massachusetts pizzeria owner, 57, 'fraudulently obtained $600,000 in coronavirus relief funds and used the money to buy an ALPACA FARM, a $110,000 vintage convertible and a $2,200 spa trip'


He also bought at least two vehicles - including a 1950 Hudson and a GMC Sierra truck - and weekly airtime for a cryptocurrency-themed radio show that he hosted, prosecutors said. A 1950 Hudson Commodore convertible (like the one seen in the above file photo) is a rare, vintage car that is usually sold for upwards of $110,000


The federal government also alleges McIntyre bought a GMC Sierra truck (like the one seen above)




Dana McIntyre, 57, of Grafton, Vermont, was arrested and charged on Tuesday

Feds allege McIntyre, pizzeria owner, lied about size of business to get PPP loan

He allegedly obtained $600,000 in federal aid money for small businesses

McIntyre allegedly used money to buy and refurbish Vermont alpaca farm

He is also alleged to have bought $110,000 vintage 1950 Hudson convertible
McIntyre has denied the allegations, calling them 'plain utter bulls***'
'Can not wait for my day in court,' McIntyre wrote on his Facebook page Tuesday
McIntyre is also alleged to have used money to buy airtime for his radio show
McIntyre hosted Dana Crypto Show, 'the first FM radio show on cryptocurrency'
Show aired every Sunday night at 7pm on Boston's North Shore 104.9FM WBOQ
Radio station owner told DailyMail.com that show has been removed from air

Prosecutors said that on his PPP loan application, McIntyre falsified an official tax form and claimed the pizza shop had almost 50 employees with a monthly payroll of $265,000, when records indicate it had fewer than 10, in an effort to inflate the size of the loan he was entitled to.

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After receiving the loan, he sold the pizza shop and used the money to purchase and upgrade a farm in Vermont and buy several alpacas, authorities said.

He also bought at least two vehicles - including a 1950 Hudson and a GMC Sierra truck - and weekly airtime for a cryptocurrency-themed radio show that he hosted, prosecutors said.

https://www.dailymail.co.uk/news/article-9542199/Feds-Man-used-fraudulent-PPP-loan-buy-alpaca-farm.html

[Docreed2003]

1. Screw that guy

But dang that Hudson is gorgeous

[dchill]

6. Firmly agree.

[BoomaofBandM]

2. And yet it is potential employees are abusing benefits and not going back to work.

[gratuitous]

3. "Can not wait for my day in court"

You know you're not going to be called to testify, don't you Dana? Your attorney will tie you to your chair and stuff his socks in your mouth to shut you up.

[druidity33]

4. I'm guessing he's a Republican...

though i didn't read the article.

[oasis]

13. I guarantee he's a Republican.

[SergeStorms]

14. Maybe.....

a libertarian, but I'll bet my house he's not a Democrat.

[LuckyLib]

5. Grafton, VT? Graft is the word alright, along with grift

fraud, and a host of other crimes. What a sleaze! No doubt he bitches about the gubmint too. Jail time!

And, somebody turned him in. Too much consumption!

[BigmanPigman]

7. I noticed that appropriately named town he resides in too.

[Demovictory9]

18. town needs a new name

[TomDaisy]

8. Meanwhile the Stephanie Miller Show was unable to obtain even one dollar of PPP assistance

despite repeated attempts and she almost went off the air

[Demovictory9]

9. wow

[marble falls]

10. If there's any justice, they'll confiscate everything he owns and give him 10 to 15 years.

[TexasBushwhacker]

11. I just don't understand why the banks rubber stamped these loans

You have to file state unemployment taxes every quarter and federal unemployment taxes annually. You have to file income tax every year. You have to have a business bank account and you can easily see the money coming in and going out every month. You have to deposit payroll taxes to the IRS every payroll. There are SO MANY ways to confirm the figures on the application. I realize that they were trying to get funds to businesses quickly, but they really dropped the ball on the approval process.

[Initech]

12. It's crooks like this that ruin it for the rest of us.

Lock that guy up and throw away the key!

[Jon King]

15. One of my ex high school friends stole $49,400 in PPP.

I found out about it because a web site discloses all PPP loans. This guy has an MBA, ran venture capital for huge companies, only kid out of college, now he runs his own consulting firm. He and his wife have more money than they can ever spend.

Yet if you take under $50,000, they don't audit it. So he took $49,400 for 'payroll'....of course payroll is just him, and as a consultant for tech firms he worked out of his house over conference calls anyway.

Never thought he was that level of scumbag.

[hedda_foil]

16. Report him.

[Jon King]

17. Unfortunately its not illegal.

He did use it for payroll, to pay himself. Its highly scummy and unethical, but not illegal.