DAYTON — A Dayton woman faces federal charges after prosecutors said she used economic programs created for the coronavirus pandemic to attempt to illegally receive $2.5 million.
Nadine Consuelo Jackson, 31, faces charges of bank fraud and making a false statement to a bank within the jurisdiction of a federal agency related to financial assistance for businesses who are suffering the economic effects caused by the COVID-19 pandemic.
According to prosecutors, it is alleged Consuelo Jackson fraudulently sought forgivable loans in the amount of $1.3 million and $1.2 million from the Small Business Administration by claiming to have 73 employees earning wages at a Dayton-based private investigation and security services business, Extract LLC.
Prosecutors said the charges allege there were few to no other employees working at Extract LLC. Consuelo Jackson also allegedly submitted false tax documents in support of her fraud.
As part of the investigation four employees named on the applications told agents they did not work for the company. Three of the people are said they had never heard of Extract LLC.
“The Paycheck Protection Program under the Coronavirus Aid, Relief, and Economic Security (CARES) Act was designed to help millions of Americans during this pandemic and the pursuit of those who allegedly participate in pandemic related scams will long remain a significant priority of IRS Criminal Investigation and our federal law enforcement partners,” said Bryant Jackson, Special Agent in Charge, IRS Criminal Investigation, Cincinnati Field Office.
Federal officials said the only employee listed for Extract LLC in Ohio records is Nadine Jackson, who is listed as an “investigator/caregiver.”
The CARES Act is a federal law enacted on March 27 designed to provide emergency financial assistance to the millions of Americans who are suffering the economic effects caused by the COVID-19 pandemic.
One source of relief provided by the CARES Act was the authorization of up to $349 billion in forgivable loans to small businesses for job retention and certain other expenses through a program referred to as the Paycheck Protection Program (PPP).
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