FILE — A Christie’s specialist shows a Rolex watch given to Elvis Presley by his supervisor for Christmas in 1976, throughout a photocall on the public sale rooms in London, Friday, Nov. 23, 2012. The watch estimated at 6,000- 8,000 kilos (9,500- 12,750 US Dollars) will go on sale within the Pop Culture public sale on Nov. 29 in London. (AP Photo/Kirsty Wigglesworth)
TAMPA, Fla. (WFLA) — A Jacksonville man pleaded responsible to wire fraud and unlawful financial transactions after fraudulently making use of for Paycheck Protection Program funds in 2020 and 2021, then spending shut to $1 million for private objects.
According to the U.S. Attorney’s Office for the Middle District of Florida, Kenneth Steven Landers, 57, faces up to 30 years in jail after requesting $1.41 million in PPP loans for 4 companies he managed.
Landers’ mortgage functions have been submitted with “false information and documents, including fictitious or altered Internal Revenue Service tax forms,” ending with him authorized for shut $910,000.
Instead of utilizing that cash to pay for workers or bills authorized for PPP use, USAO mentioned Landers paid off mortgages for his dwelling and a enterprise property, then “purchased an 18kt gold Rolex watch, and bought a vintage Jaguar XKE Roadster.”
In addition to shopping for the posh automotive and watch, Landers “also wrote checks to himself,” and used the cash to repay private debt, switch funds to private accounts, and withdraw $113,000 in money.
Now that he’s pleaded responsible, Landers agreed to forfeit $910,000 plus two items of actual property “purchased or funded” with the cash obtained from the PPP loans.