A retired sergeant for the Massachusetts State Police was sentenced for fraudulently obtaining a Paycheck Protection Program (PPP) loan for his real estate business.
Damian Halfkenny was sentenced to one year of probation and ordered to pay a fine of $5,000, restitution in the amount of $21,333 and forfeiture of $21,333
According to the charges brought against him, Halfkenny 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 through a business with no employees.
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 provided a fabricated IRS Schedule C. Based on his misrepresentations, the US Small Business Administration issued Halfkenny, and later forgave, a $21,220 PPP loan.
Halfkenny was charged in April with one count of wire fraud and pleaded guilty. He faced up to 20 years in prison.
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