Nurse Allegedly Defrauded PPP To Get $420,000 In COVID-19 Relief Funds

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Bradley Devlin General Assignment & Analysis Reporter
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Prosecutors have charged a nurse in Florida with allegedly defrauding the U.S. government’s Paycheck Protection Program (PPP) for $420,000 and laundered the funds, as reported by Fox News.

Giraldo Caraballo lied on the PPP forms when he applied for his company, Professional Skills Inc., to receive a loan from the program, the criminal complaint says according to Fox News.

In May of 2019, Caraballo opened a bank account for Professional Skills and claimed the company had two employees with annual gross sales of $70,000, according to Fox News. Caraballo then said in June the Florida company had four employees and created $180,000 in revenue from February 2019 to January 2020, Fox News reported. (RELATED: ‘Grim Reaper’ Lawyer Who Stalks Crowded Beaches Targeted By Florida Governor)

Less than a week later, Caraballo applied for a PPP loan on behalf of Professional Skills, and said the company had 28 employees with a monthly payroll cost of $168,000, according to Fox News. Prosecutors are claiming that the information Caraballo provided was untrue, Fox News reported.

The criminal complaint against Caraballo claims that the $420,000 was never distributed to his employees.

Bank account records do not “reveal any paychecks to employees of PSI. Nor are there any payments to payroll service providers,” prosecutors said, according to Fox News.

Prosecutors believe that Caraballo used the PPP funds for paying off credit cards, child support payments, car and mortgage payments, among other personal expenses, Fox News reported.