South Carolina man convicted in pandemic relief fraud case
GREENVILLE, S.C. (AP) — A South Carolina man has been convicted of wire fraud and money laundering for lying on applications to secure more than $1.8 million in federal pandemic relief loans.
Jeffrey Gossett of Greer pleaded guilty Wednesday to the felony charges, according to a news release from the District of South Carolina U.S. Attorney’s Office.
Prosecutors said the 47-year-old Gossett falsified applications for the Paycheck Protection Program and Economic Injury Disaster Loans, programs aimed at helping businesses recover from the COVID-19 pandemic.
Gossett fraudulently secured more than $1,870,000 in assistance from the two programs through false applications submitted between March and August of 2020, officials said.
He has yet to be sentenced and faces up to 20 years in federal prison on his most serious charge.