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Man who admitted to bogus COVID loan scheme sentenced to prison | Crime News

Man who admitted to bogus COVID loan scheme sentenced to prison | Crime News
Written by Publishing Team

A Tulsa man, who admitted to filing a fake application for a COVID-19-related government business loan, was sentenced to prison Monday.

U.S. District Judge Gregory Frizzell has sentenced Adam Winston James, 45, to two years in prison after pleading in June to an aggravated identity theft charge as part of a scheme to obtain a paycheck protection program loan fraud.

“The U.S. Attorney’s Office and our federal partners will hold individuals like Adam James who steal pandemic relief money from American taxpayers to account,” said U.S. Attorney Clint Johnson. “Today’s ruling reflects the government’s intent to expose and prosecute offenders who are exploiting national emergencies to personally enrich themselves.”

Federal prosecutors indicted James and Rafael Matorino, 41, in late 2020 in connection with a scheme to obtain public-private partnership loans from area banks.

Maturino was sentenced June 1 to one year and one day in federal prison after pleading guilty in March to bank fraud after illegally receiving nearly $100,000 in public-private partnership loans.

In James’ case, filed separately, he admitted using the identities of five individuals to apply for PPP loans at a local bank, falsely claiming that James’s company was affiliated with the working individuals.

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