Seven family members from the Dallas area have admitted guilt in a scheme to defraud the Paycheck Protection Program (PPP), as announced by Nancy E. Larson, United States Attorney for the Northern District of Texas.
The individuals were charged in December 2023 with conspiracy and wire fraud concerning forgivable loans they obtained through the PPP. This program was established during the COVID-19 pandemic to provide financial aid to small businesses.
Court documents reveal that the loan applications falsely claimed each family member operated as a sole proprietor with a monthly payroll of around $8,000. The supporting tax documents included additional false information about the businesses and their profits. These loans were then deposited into their personal accounts. Each family member has confessed to receiving funds for non-existent businesses.
On June 18, six defendants pleaded guilty to conspiring to commit wire fraud: Lori Jackson, Saidrick Jackson, Saidrick Jackson II, Saundria Jackson, D’Andria Todd, and Bianca Williams. Valencia Williams also pleaded guilty today. Each faces up to five years in federal prison, though sentencing dates remain unscheduled.
The investigation was conducted by the Environmental Protection Agency – Office of the Inspector General. Assistant U.S. Attorneys Sarah Douglas and Marty Basu are handling prosecution duties.
