A flooring contractor in Providence, R.I., was sentenced to four years in prison for submitting fraudulent loan applications seeking more than $375,000 in COVID-19 relief funds, the Department of Justice announced.
Kevin Mancieri, 49, submitted eight fraudulent Paycheck Protection Program applications for loans, utilizing fabricated bank records and tax forms. He was able to obtain $152,246 from the scheme, personally obtaining $92,438.
“In addition to submitting two fraudulent applications in his own name, Mancieri prepared fraudulent applications in the names of four other individuals that he was associated with,” the DOJ stated. “Additionally, Mancieri used a stolen identity and submitted a fraudulent PPP application in that person’s name as well, seeking an additional $60,710 in loans.”
Mancieri, who owned Mancieri Flooring, pleaded guilty to conspiracy to commit bank fraud, access device fraud and aggravated identity theft. He was also fined $10,000 in addition to being ordered to pay restitution in the amount of $152,246.
