DAYTON — A Dayton woman will spend two years in prison after she illegally obtained loans through COVID-19 relief programs.
Nadine C. Jackson, 32, was sentenced today for committing wire fraud and making a false statement to a bank related to two Paycheck Protection Program loans and one Emergency Injury Disaster Loan.
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The PPP and EIDL programs provide emergency financial assistance to businesses suffering the economic effects caused by the COVID-19 pandemic, the Department of Justice said.
The CARES Act of 2020 created the PPP and expanded the EIDL Program.
“The Pandemic has brought out the best in people. And, as this case unfortunately demonstrates, it has also brought out the worst in people. Jackson defrauded programs that were meant to keep workers on the job at businesses suffering because of the pandemic,” Acting U.S. Attorney Vipal J. Patel said. “She lied to steal millions of public dollars for her own pockets at a time when Americans were suffering the effects of public health and economic crises.”
Jackson fraudulently obtained more than $2.5 million from the loans using the business Extract LLC, which prosecutors said ended up having few or no employees actually working there.
Four employees named on Jackson’s applications were interviewed by agents and stated they did not work for the company, the justice department said.
Three of the individuals interviewed stated they had never heard of Extract LLC.