Scott Jackson Davis was really flying high with his PPP loan scam, but not anymore!
During the COVID era, the government was helping small business owners and certain other businesses through PPP loans, and one Houston man is now behind bars for his PPP loan scam.
Davis is also ordered to pay restitution in the amount of $3,002,655.13, says the U.S., Attorney's office.According to court documents, Davis was on supervised release for a different wire fraud conviction at the time of the PPP loan fraud. He had only been out of prison for just over four months when he began submitting fraudulent Paycheck Protection Program applications.
Officials say the businesses had few if any, employees and little to no payroll if it existed. He also forged IRS documentation to corroborate the vastly inflated business expenses.In the fraudulent PPP applications, Davis lied stating he had never been convicted of a felony when he is in fact, a prior felon who was on supervised release for an unrelated 2017 wire fraud conviction.
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