Miami-area nurse PPP loan fraud, says federal government
A Miami-Dade registered nurse was arrested on Friday after federal prosecutors charged her with fraud in obtaining COVID-19 relief loans, then using them to pay for his Mercedes-Benz SUV and child support for children, among other expenses.
And, after securing $ 474,900 in loans, prosecutors say Giraldo Caraballo failed to pay his employees at Professional Skills. He couldn’t – Professional Skills has no employees and no salary expenses, despite what he claimed in his applications.
Caraballo was charged Wednesday with bank fraud, false declaration to a credit institution and participation in transactions with illegal products. The court record online said he invoked his right to remain silent on Monday.
COVID-19, PPP and EIDL
Online archives say Caraballo, licensed in Florida as a registered nurse since 2009, Professional skills registered with the state on April 18, 2019. He is the only registered registered agent and the only officer. Miami-Dade’s criminal complaint and property records indicate that the Southwest 200th Terrace address he used for Professional Skills is his home address.
The criminal complaint states that when Caraballo opened a bank account in Professional Skills’ name on May 6, 2019, it claimed the company had two employees and $ 70,000 in gross annual sales. State records indicate that the co-owner of Caraballo’s house, Lisney Caraballo Morejon, was a registered nurse since 2015.
On June 17 of last year, three months after the United States began shutting down in an attempt to stop the spread of the coronavirus, Caraballo’s request for an Economic Disaster Loan (EIDL) claimed that Professional Skills had gross income of $ 180,000 from February 1, 2019 to January 31, 2020, and four employees on the latter date.
Six days later, the Small Business Administration deposited $ 50,900 into the Professional Skills account and Caraballo applied for a Paycheck Protection Program (P3) loan. For that, indicates the complaint, he claimed that Professional Skills earned $ 168,000 per month and had 28 employees, so he needed $ 420,000 for payroll.
The complaint indicates that Caraballo received this $ 420,000 as well as, a week later, an additional $ 4,000 on the EIDL loan.
After the money
The complaint indicates that during the period in question Professional Skills had no employees. There has been no payment of employment taxes to the state of Florida. There were no pay checks or payments to payroll service providers from the Professional Skills account.
“On the contrary, the account records show,” the complaint said, “Caraballo used the company’s income to pay personal credit card bills, make mortgage payments, make car rental payments, make child support payments and, among other transactions, direct products and other entities that Caraballo controlled ”- like paying a personal Visa bill of $ 7,023 on June 24 and a car rental bill of $ 929.39 on a 2019 Mercedes-Benz GLC 300 on June 25.
The complaint notes that Caraballo opened a new personal bank account on June 26, the day after obtaining the PPP loan, and transferred $ 239,000 from the Professional Skills account.