Mario Speedwagon? Convicted fraudster used phony employee names to apply for pandemic loan while in prison, feds say
But there were more red flags. According to federal prosecutors, Burnett wasn’t a struggling business owner trying to stay afloat during difficult pandemic times.
A criminal complaint recently unsealed in U.S. District Court also accused Burnett of lying on separate bank paperwork in November 2020 to obtain another loan, which he used to purchase a new BMW luxury SUV. Burnett was supposed to be overseeing the $5.75 million settlement, ensuring that his sister’s surviving children would be well cared for. Instead, prosecutors said Burnett stole more than $1 million and blew it on flashy cars, jewelry, even guns and a stash house for his burgeoning drug business.
Before he was sentenced in that case, Burnett read a lengthy statement apologizing for his actions, saying he’d tried to do the right thing for his relatives at first but later “felt entitled” to the money.At the time of his release on home confinement, Burnett still owed a $445,000 judgment imposed by the court, records show.
After the PPP loan was disbursed to a Chase account in Burnett’s name, a debit card associated with the account was used to make a $1,264 purchase from Helzberg Diamonds and a $228 purchase from an Elmhurst motorcycle dealership, the complaint alleged.
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