November 24, 2022
  • November 24, 2022

Woman spent PPP loan on sports car and gambling

By on June 3, 2022 0

MEMPHIS, Tenn. – A Memphis woman is accused of illegally obtaining thousands of dollars in federal PPP loans and spending that money on personal trips, concerts, gambling and a new Maserati.

Kenyatta Danielle Hooper, 34, was indicted by a federal grand jury in May on six counts of wire fraud. She was arrested last week, according to U.S. Attorney Joseph C. Murphy of the Western District of Tennessee.

Murphy’s office said Hooper submitted false documents and fraudulent applications for the Payment Protection Plan loans and ordered others to do the same. These loans were supposed to be used for payroll, rent or utilities as part of the government’s efforts to help small businesses in the wake of COVID-19.

But authorities said Hooper spent the money on herself, including buying the sports car. She also allegedly received bribes for helping others file fraudulent loan applications.

Prosecutors haven’t released many details about the scheme, but Kenyatta Hooper in Memphis is listed in a Small Business Association database as having received a PPP loan worth $38,070 in 2021. business listed in his application was classified as a hobby, toy or game store. with four employees.

The United States Secret Service Memphis Field Office assisted the Federal Bureau of Investigation in Hooper’s arrest.

Hooper faces up to 20 years in federal prison for each count of wire fraud.

In April, a former Memphis police employee was arrested and charged with illegally obtaining PPP loans to purchase a home.