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Authorities: Former pizza shop owner defrauds $660K COVID-19 fund to buy an alpaca farm

A fraudulent application was submitted for a Paycheck Protection Program loan for more than $660,000

Authorities: Former pizza shop owner defrauds $660K COVID-19 fund to buy an alpaca farm

A fraudulent application was submitted for a Paycheck Protection Program loan for more than $660,000

50 PEOPLE ARE ALLOWED. POLICE ARRESTED A GRAFTON MAN FOR ALLEGED WIRE FRAUD AND MONEY LAUNDERING. FEDERAL PROSECUTORS SAY HE LIED TO GET A 660,000 DOLLAR PPP LOAN POLICE SAY 57-YEAR-OLD DANA MCINTYRE FILED FOR THE LOAN TO SUPPORT HIS PIZZERIA LAST APRIL. BUT THEN USED THE MONEY TO BUY CARS, AND AN ALPACA FARM. POLICE SAY HE LIED ABOUT THE NUMBER OF EMPLOYEES WHO WORKED FOR HIM AND HIS EXPENSES
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Authorities: Former pizza shop owner defrauds $660K COVID-19 fund to buy an alpaca farm

A fraudulent application was submitted for a Paycheck Protection Program loan for more than $660,000

A Vermont man is accused of defrauding a federal COVID-19 relief program of hundreds of thousands of dollars, some of which he used to purchase an alpaca farm, according to the U.S. Attorney’s Office.Dana L. McIntyre, 57, of Grafton, Vermont, and previously of Beverly and Essex, Massachusetts, was charged in a criminal complaint with one count of wire fraud and one count of money laundering. McIntyre made a virtual initial appearance in federal court in Boston, Massachusetts, Tuesday afternoon.McIntyre is the former owner of Rasta Pasta Pizzeria.In April 2020, McIntyre submitted a fraudulent application for a Paycheck Protection Program loan for more than $660,000 through a Small Business Administration-approved lender, investigators said. In the application, McIntyre inflated information about the pizzeria’s employees and payroll expenses and falsified an official tax form in an effort to qualify the business for a larger loan amount, investigators said. McIntyre claimed the pizzeria had about 50 employees, but records show the business had fewer than 10 paid employees at any given time, investigators said. Related video from 2020: Man spent PPP funds on hotels, jewelry and $318,497 LamborghiniAfter receiving a loan for more than $660,000, McIntyre sold the pizzeria and used nearly all the funds for personal expenses, including to purchase and upgrade a farm in Vermont as well as to buy several alpacas, at least two vehicles and weekly airtime for a cryptocurrency-themed radio show among other expenses, investigators said.Wire fraud and money laundering are each punishable by up to 20 years in prison, in addition to fines.

A Vermont man is accused of defrauding a federal COVID-19 relief program of hundreds of thousands of dollars, some of which he used to purchase an alpaca farm, according to the U.S. Attorney’s Office.

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Dana L. McIntyre, 57, of Grafton, Vermont, and previously of Beverly and Essex, Massachusetts, was charged in a criminal complaint with one count of wire fraud and one count of money laundering. McIntyre made a virtual initial appearance in federal court in Boston, Massachusetts, Tuesday afternoon.

McIntyre is the former owner of Rasta Pasta Pizzeria.

In April 2020, McIntyre submitted a fraudulent application for a Paycheck Protection Program loan for more than $660,000 through a Small Business Administration-approved lender, investigators said.

In the application, McIntyre inflated information about the pizzeria’s employees and payroll expenses and falsified an official tax form in an effort to qualify the business for a larger loan amount, investigators said.

McIntyre claimed the pizzeria had about 50 employees, but records show the business had fewer than 10 paid employees at any given time, investigators said.

Related video from 2020: Man spent PPP funds on hotels, jewelry and $318,497 Lamborghini


After receiving a loan for more than $660,000, McIntyre sold the pizzeria and used nearly all the funds for personal expenses, including to purchase and upgrade a farm in Vermont as well as to buy several alpacas, at least two vehicles and weekly airtime for a cryptocurrency-themed radio show among other expenses, investigators said.

Wire fraud and money laundering are each punishable by up to 20 years in prison, in addition to fines.