Man accused of using PPP to buy $850,000 home pleads not guilty | New

Williamsport, Pa. — Nicholas Perkins wrote a check in July 2020 that was payable to himself for $420,000 which he then used to buy a home in Alabama, investigators said.

The problem with the money, the government says, was that Perkins requested and received it under the Paycheck Protection Program (PPP), according to an indictment filed through the Intermediate District of Pennsylvania. . Perkins pleaded not guilty on July 13.

After Perkins received the money, investigators said he used it to pay for the house, sending a wire transfer to a Nations Direct lender. In October 2021, Perkins reportedly requested cancellation of its PPP loan.

“Nicholas Perkins stated that an eligible amount of PPP funds was used for the eligible cost as defined in the PPP loan note, when in fact they were not,” the indictment reads. federal charge.

Perkins indicated that he was the owner of Well Versed Oilfield Services, LLC from April 2020 to March 2021. During this period, investigators said Perkins submitted multiple requests for PPP assistance.

Investigators said Perkins received $465,786 from the Small Business Association on April 28, 2020. He reportedly signed a purchase agreement for a waterfront home at 302 Cavalier Court, Dauphin Island, Alabama for about $850. $000, according to the indictment.

According to the real estate listings, the property is a 2,500 square foot, four-bedroom, four-bathroom home with an in-ground pool and boat dock.

Perkins reportedly transferred $420,000 from the PPP loan to a lender on July 1, 2020 with his name on the memo. Perkins has been charged with one count of wire fraud by federal investigators.

Perkins was granted his release on July 13, but with heavy stipulations in place to keep him in the area. Perkins is subject to supervision by probation officers, must not possess firearms or use alcohol, and submit to random drug testing.

Perkins must not violate any federal, state or local law during his release, and he must provide a DNA sample and appear in court if necessary, in accordance with the terms of the release order. No trial date has been set for Perkins.

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