An Arizona man pleaded guilty to wire fraud and filing a false refund claim with the IRS, after Congress gave Trump a $6 trillion slush fund and failed to protect taxpayer money from abuses during the coronavirus pandemic.
According to court documents and statements made in court, in 2020 and 2021, Roy L. Layne submitted false applications on behalf of several bogus businesses to the U.S. Small Business Administration (SBA) for loans from the Paycheck Protection Program (PPP) and the Economic Injury Disaster Loan (EIDL) program, two federal programs created to provide financial assistance to Americans suffering economic harm as a result of the COVID-19 pandemic.
In those applications, Layne claimed that the businesses had dozens of employees and earned hundreds of thousands in gross receipts.
To support his false claims and to create the appearance of genuine business activity, Layne created false business and employment tax forms that he filed with the IRS and submitted to the SBA.
In total, Layne requested and received over $300,000 in loans to which he was not entitled.
In addition, in 2022, Layne filed false returns with the IRS that sought nearly $7.5 million in refunds, of which the IRS paid approximately $550,000.
Layne is scheduled to be sentenced on Feb. 3, 2025. He faces a maximum penalty of 30 years in prison for each wire fraud charge and five years for the false claim charge. He also faces a period of supervised release, restitution and monetary penalties.
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