MIAMI – A South Florida nurse fraudulently received $ 420,000 in coronovirus relief funds, federal prosecutors said.
Giraldo Caraballo, 55, of Miami made his initial appearance in Miami federal court on Friday. He is accused of engaging in illegal transactions and making false statements to a financial institution.
According to a criminal complaint, Caraballo started his own company, Professional Skills Inc. Applied for and received a paycheck protection program loan on behalf of He claimed that the company had 28 employees and the average monthly salary was $ 168,000, which investigators said was untrue. The complaint also alleges that Caraballo applied for and received approximately $ 55,000 in economic injury disaster loans. Instead of using the money for parole, prosecutors said Caraballo transferred the money to other accounts and used it for personal expenses.
The online court records did not list a defense attorney who could comment on the case against Caraballo.
The paycheck security program represents billions of dollars in small business loans forgivable to Americans struggling due to the Kovid-19 epidemic. It is part of the coronovirus relief package that became federal law in March.
The Economic Injury Disaster Loan Program is administered by the US Small Business Administration. The program provides low-interest financing to small businesses, renters and homeowners in areas affected by declared disasters.