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MIAMI – A developer will industry the luxury surrounds of Bal Harbour for federal prison following his conviction on more than one COVID-19 loan fraud fees, in accordance to federal prosecutors.
Of the 14 fees he used to be going through, a jury convicted Eric Dean Sheppard of 4 counts of twine fraud and two counts of annoyed identification robbery on Friday, in accordance to a Tuesday news unencumber from the U.S. Department of Justice.
Sheppard, 55, filed fraudulent loan packages below the Paycheck Protection Program and the Economic Injury Disaster Loan techniques, federal prosecutors mentioned, and used fabricated tax paperwork and a solid accountant’s signature to download them.
He won nearly $900,000 in fraudulent reduction loans, in accordance to the DOJ.
The WSG Development proprietor will spend a compulsory minimal of 2 years in prison at the annoyed identification robbery fees, which will have to run consecutively to the up to 80 years he faces for the twine fraud fees, prosecutors mentioned.
He additionally could have to pay restitution and forfeit the loan proceeds.
Sheppard is scheduled to be sentenced on April 5.
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