Police say accused drug dealers in Florida used COVID-19 relief loans to fund businesses

Police say accused drug dealers in Florida used COVID-19 relief loans to fund businesses


Wednesday 17 November 2021

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by Alex Galbraith on Wednesday 17 November 2021 in a 11:43 AM

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Saint Petersburg police say several men recently arrested on drug charges used COVID-19 relief loans to fund their foundation.

Central Florida authorities have arrested more than 30 people as part of an alleged drug smuggling operation. Several defendants also face charges of fraud for obtaining SBA loans on non-existent businesses.

“One of the reasons they were able to fund their operations was because they were using these loans from the government that they had fraudulently received,” Yolanda Fernandez of the St. Petersburg Police Department told WFLA. And they were getting huge amounts of money. You’re supposed to help those employees who didn’t have this business that they didn’t run. ”

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Reports of the arrests of three of the men claimed that they had received loans of approximately $50,000. Say what you will about the legality of their business, but at least the provision of goods and services to Florida residents. It’s a step beyond Tom Brady and his boating source.


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Tags: Small Business Administration, SBA Loans, Medicines, Saint Petersburg, Florida, Image

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