A South Florida nurse is charged with utilizing over $400,000 in illegally obtained coronavirus aid funds for his personal private bills, federal prosecutors stated.
Giraldo Caraballo, 55, of Miami, obtained a Paycheck Safety Program mortgage and an Financial Damage Catastrophe Mortgage after allegedly submitting false details about his firm, Skilled Abilities Inc., based on a legal grievance.
Investigators stated Caraballo falsely claimed he had 28 staff with a median month-to-month payroll of $168,000.
The nurse was charged with participating in transactions in illegal proceeds and making false statements to a monetary establishment.
The Paycheck Safety Program, generally known as the PPP, has been a significant element of the federal coronavirus help that delivers forgivable loans to small companies struggling from the pandemic.
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