Defendant Used Shell Companies to Falsely Generate Unearned Tax Refunds and Claim COVID-19 Emergency Relief Earmarked for Distressed Businesses
Earlier today, in federal court in Brooklyn, Patrick Poux pleaded guilty to filing false applications for hundreds of thousands of dollars in COVID-19 emergency relief loans in 2020 under the Paycheck Protection Program (PPP) and Economic Injury Disaster Loan Program (EIDL). Poux also pleaded guilty to fraudulently generating and submitting false tax return applications claiming millions of dollars in unearned tax refunds between 2016 and 2019. Today’s proceeding was held before United States Magistrate Judge Robert M. Levy. When sentenced, Poux faces up to 30 years in prison and a fine of up to $1 million.