A retired sergeant for the Massachusetts State Police has been charged and has agreed to plead guilty to allegedly fraudulently obtaining a Paycheck Protection Program (PPP) loan for his real estate business.
According to the charges brought against him, Damian Halfkenny of Boston was employed full-time as a sergeant with the Massachusetts State Police in 2021. At the time, he also owned and rented several real estate properties, a business for which he had no employees.
It is alleged that Halfkenny submitted a PPP loan application for his real estate business in March 2021, falsely representing that he had a monthly payroll expense of $8,488. In support of this application, Halfkenny allegedly provided a fabricated IRS Schedule C. Based on his alleged misrepresentations, the US Small Business Administration issued Halfkenny, and later forgave, a $21,220 PPP loan.
Halfkenny was charged with one count of wire fraud, which provides for a sentence of up to 20 years in prison, three years of supervised release and a fine of $250,000. A plea hearing has not yet been scheduled by the court.
He should have gone BK instead of stealing money and spending years in prison. Such a dumb move.