FBI agents arrest fraud suspect the morning of Feb. 11 in West Ashley – Post and Courier

WEST ASHLEY — FBI agents arrested a man Feb. 11 living on Woodleaf Court who will now face federal fraud and money laundering charges in Georgia.

Theodore Jackson is named in a federal indictment that accuses him of committing fraud to collect about $1.5 million from the pot of money Congress voted to set aside to help small businesses survive the COVID-19 pandemic and lockdown of 2020.

The loans were part of the Payroll Protection Security Act.

The emergency funds were directed through local and national financial institutions to provide funds to small business. Those applying had to submit applications, which included documents such as bank and tax records.

According to the indictment, Jackson and another man are accused of using stolen identification, false information and fraudulent documents to obtain several loans between May 2020 and April 2021.

Jackson will be transferred…