On August 30, 2022, in the District of New Hampshire, Charles Clark pled guilty to a charge of false statements. Clark perpetrated a scheme in which he received over $62,000 from fraudulent applications for Coronavirus Aid, Relief, and Economic Security Act, and the Economic Injury Disaster Loans (EIDL).
According to the court documents, on or around July 15, 2020, Clark submitted an EIDL application to the Small Business Administration (SBA): where he represented that he was an independent contractor in the “Hair & Nail Salon” business. He claimed in the year preceding January 31, 2020, he made $94,451 from his “Hair & Nail Salon” business. During the period identified in his SBA application, Clark was a full-time employee working at the Internal Revenue Service, not an independent contractor in the “Hair & Nail Salon” business. Clark admitted to receiving $62,300 from his fraudulent EIDL loan, which he used to renovate privately owned property.
At sentencing, Clark could receive a maximum term of five years’ imprisonment, a fine of $250,000, three years of supervised release, and restitution in the amount of $62,300.
Source: The facts in this case narrative come from the following publicly available documents: D.N.H., Information, filed August 30, 2022; and D.N.H., Plea Agr., filed August 30, 2022.