Grand Jury indicts two individuals accused of fraud involving Paycheck Protection Program and the Small Business Grant Program
ST. LOUIS – A federal grand jury indicted Dionneshae Forland with four counts of wire fraud, one count of bank fraud, and one count of theft of government property and five counts of aggravated identity theft. The indictment also charges Dwayne Times with one count of wire fraud, and one count of theft of government property.
The indictment alleges that Forland and Times submitted fraudulent PPP loan applications and a fraudulent Missouri Small Business Grant Program application that falsely inflated the number of employees and payroll costs of various businesses Forland and Times operated in order to receive loan proceeds. The indictment alleges that Forland and Times received in total over $700,000 in fraudulent loan proceeds.
Charges set forth in the indictment are merely accusations and do not constitute proof of guilt. Every defendant is presumed to be innocent unless and until proven guilty.
The case was investigated by the Federal Bureau of Investigation.