A Buffalo man has pleaded guilty in a federal case tied to a fraudulent COVID-era loan. Prosecutors say false business claims were used to secure thousands.
BUFFALO, N.Y. — A Buffalo man has pleaded guilty to a federal fraud charge tied to a fraudulent COVID-era loan application.
Jamar Jackson, 43, of Buffalo recently admitted to obtaining more than $70,000 through false claims about a business he did not own, according to federal prosecutors. After pleading guilty to conspiracy to commit wire fraud, he faces up 20 years in prison and a $250,000 fine.
According to the plea agreement, the scheme dated back to June 29, 2020, when Jackson and his co-conspirators submitted a fraudulent application for an Economic Injury Disaster Loan through the Small Business Administration. Prosecutors said the application was filed for a business that Jackson "supposedly owned," but the information provided was knowingly false.
"The defendant and his co-conspirators knew that the EIDL application contained materially false and fraudulent pretenses, representations and promises," prosecutors said.
The application falsely claimed that Jackson operated a lawn and garden business with eight employees and generated $142,000 in revenue in the 12 months prior to the COVID-19 pandemic.
In reality, prosecutors said, Jackson "did not own a lawn and garden business, did not have employees, and did not earn revenue."
Jackson received $70,900 in Economic Injury Disaster Loan funds from the Small...
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