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This issue snapshot will discuss situations in which management contracts providing for private companies to manage tax-exempt-financed facilities may result in excessive private business use.

June 10, 2024 — Two individuals have been sentenced in federal court in Boston for their roles in a multi-state scheme to obtain millions of dollars in Paycheck Protection Program (PPP) funds for themselves and others through the submission of dozens of fraudulent applications to PPP lenders.

April 10, 2025 ― The United States Attorney’s Office for the Middle District of Pennsylvania announced that William Freeman, IV of Tobyhanna, Pa., was charged by criminal information with one count of wire fraud and one count of making and subscribing a false tax return.

December 5, 2023 — The United States Attorney’s Office stated Leon Delima of Burlington, Vermont, pleaded guilty today to gun possession and fraud charges in two cases before U.S. District Court Judge Christina Reiss.

June 28, 2024 — Teldrin Foster, John Gaines, and Carla Jackson have been sentenced for their roles in a scheme to steal Paycheck Protection Program (PPP) funds during the COVID-19 pandemic. To date, a total of 23 individuals have been convicted and sentenced in connection with the fraudulent scheme.

March 12, 2024 — U.S. District Judge Henry L. Adams today sentenced Amit Patel (Jacksonville) to six years and six months in federal prison for committing wire fraud and engaging in an illegal monetary transaction. As part of his sentence, the court entered an order of forfeiture in the amount of $22,221,454.40, the proceeds of the wire fraud charge. Patel was also ordered to pay full restitution to the Jacksonville Jaguars, the victim of his offense and his former employer. Patel pleaded guilty on December 14, 2023.

ABCs of Foreign Tax credit for individuals - YouTube video text script

December 19, 2022 — Dana Lamar Antonio Hayes, Jr., of Baltimore, Maryland, pleaded guilty today to a federal wire fraud charge related to a scheme to obtain a fraudulent Economic Injury Disaster Relief loan application (EIDL loan) and several Paycheck Protection Plan loan applications (PPP loans), under the Coronavirus Aid, Relief, and Economic Security (CARES) Act, from two financial institutions (Bank 1 and Bank 2).

Questions and answers on calculating the small business health care tax credit.

October 27, 2022 — United States Attorney Jacqueline C. Romero announced that Joseph Cammarata, of Monmouth Beach, NJ, was convicted after trial for his participation in a securities fraud claims scheme with two co-defendants from New York and New Jersey.