TAMPA, Fla. (WWSB) – An Apollo Beach man has been indicted on charges of COVID-19 fraud by filing false federal loan applications in 2020 and 2021, the U.S. Attorney’s Office said Monday.
Caleb Walsh, 36, has been charged with bank fraud, wire fraud and illegal monetary transactions. If convicted on all counts, he faces 30 years in federal prison.
Prosecutors are also seeking to seize a Mercedes Benz G-Wagon, a hotel in Nebraska, and cryptocurrency, which are alleged to be traceable to illegal proceeds.
According to the indictment, between March 2020 and March 2021, Walsh allegedly devised a scheme to defraud multiple financial institutions by submitting false and fraudulent Paycheck Protection Program loan applications in the names of companies that he controlled.
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Walsh is accused of misrepresenting the number of employees and…
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