October 18, 2021

PPP Scammer Who Faked His Suicide Sentenced To 56 Months In Prison

A person who faked his suicide after scamming the federal government out of PPP funds will spend over 4 years in jail.

David Adler Staveley obtained $543,000 in Paycheck Safety Program funds alongside along with his co-conspirator David Andrew Butziger. The 2 males falsely claimed to personal three eating places and one cellphone firm. They utilized for the PPP funds at a Rhode Island financial institution, claiming their companies had “large monthly payrolls.” Staveley and Butziger requested greater than $438,000 for the eateries and a bit of over $105,000 for Dock Wi-fi. Based on prosecutors, the boys didn’t personal any of those companies.

An unidentified individual reported the scheme to police in Berlin, Massachusetts, after seeing emails between Staveley and Butziger discussing the method of acquiring the emergency loans. The FBI bought concerned and interviewed 4 alleged full-time workers of Dock Wi-fi. All 4 folks confessed to figuring out Butziger however mentioned they by no means labored for the corporate.

The duo was arrested in Could 2020 however was launched to dwelling confinement and required to put on ankle displays. Almost three weeks into home arrest, Staveley eliminated his gadget and fled his Rhode Island dwelling. He faked his demise to evade seize by penning suicide notes and leaving his pockets in his unlocked automobile that was discovered parked alongside the ocean in Massachusetts. Investigators say he additionally used stolen license plates and pretend IDs to dodge the fees. He was re-arrested in Alpharetta, Georgia, in July 2020.

Staveley was sentenced on Friday to 56 months in federal jail. After his launch, he’ll serve three years of federal supervised launch. Butziger will be taught his destiny subsequent month.