A Miami real estate agent was sentenced to three-and-a-half years in prison for fraudulently obtaining Covid-19 relief loans and grants under the Paycheck Protection Program (PPP) and the Economic Injury Disaster Relief Program.
Daniela Rendon was accused of submitting fraudulent applications seeking relief funds from the U.S. Small Business Administration and the PPP – according to the charges brought against her, she is alleged to have falsified her revenue and payroll and submitted fraudulent IRS tax forms, which resulted in her receiving approximately $381,000.
To disburse the funds, she is alleged to have enrolled with a payroll processor to issue fraudulent payroll checks to herself, family members, and friends. The funds were alleged to have used to lease a 2021 Bentley Bentayga, rent a luxury Biscayne Bay apartment, pay for cosmetic dermatology procedures, and refinish her designer shoes.
Rendon was indicted on seven counts of wire fraud, two counts of money laundering, and one count of aggravated identity theft – had she been convicted on all the charges, she faced up to 20 years in prison. However, in April she pleaded guilty to one count of wire fraud and prosecutors agreed to drop the other six charges.
Rendon will be under supervised release with special conditions for three years after her prison sentence. She was also ordered to pay nearly $200,000 in restitution.
Photo of Daniela Reardon courtesy of her Instagram page