A former Revere man now living in Florida was sentenced this week to 29 months in federal prison for applying for - and getting - a $2.5 million Covid-19 payment for the 154 employees he didn't have in his Massachusetts painting company, the US Attorney's office in Boston reports.
In 2020, Vinicius Santana, 35, had initially applied for a $25,000 Payroll Protection Program loan/grant based on the five employees and $10,000 monthly payroll he said he had for his Complete Home Care, but was rejected. Two weeks later, he submitted another application for the five employees, but claiming an $18,000 monthly payroll, but was again rejected, according to court records.
Santana scored big, however, when he then submitted another application, this time for a $2.5 million loan based on having 154 employees and a monthly payroll of $1 million. For some reason, the lender that had rejected his other, smaller requests accepted this one and transferred the money to him.
In addition to prison time, Santana also has to repay the $2.5 million.