October 2, 2022

Phoenix Officer Arrested On Federal Fraud Charges For $1.2 Million Loan During The Pandemic, Police Officer Resigns

Former Phoenix police officer has resigned after being arrested on federal costs for taking out a false mortgage in the course of the pandemic. The officer receiver over $1.2 Million in authorities funds for a enterprise with out staff or payroll.

Toni Richardson and an unidentified particular person submitted an software for a PPP (Paycheck Safety Program) for a enterprise. They used the funding on private bills supposed for companies affected in the course of the pandemic.

In accordance with the indictment, Richardson submitted an software for a social membership reported as a “charity for veterans” and was the CEO, director, and president of the corporate.

Richardson submitted false studies for The Lotto Membership, integrated in Might 2015 in Glendale, Arizona. The membership didn’t have any staff, however the former police officer declared 85 staff and a mean month-to-month payroll totaling over a half-million {dollars}.

On December 1, the FBI arrested Richardson, and she or he faces conspiracy costs, financial institution fraud, and transactional cash laundering. The former police officer pleaded not responsible on all counts. The court docket date has been scheduled for February 1, 2022.

A spokesperson for the Phoenix Police said that the police division took motion to terminate Richardson, however the former police officer had submitted her resignation letter earlier than formal termination.