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Bạn đang xem: Marcello DiPietro pleads guilty to fraud tied to PPP loans
Santa Claus has arrived at the Cherry Hill Mall, this time with measures intended to curb the spread of the coronvirus
Jim Walsh, @jimwalsh_cp
A former Marlton restaurateur has admitted guilt to a fraud of almost $900,000 tied to false applications for pandemic relief funds.
Marcello DiPietro III, who once ran Marcello’s Ristorante & Pizzeria, also acknowledged evading income taxes and making false statements to the U.S. Small Business Administration, court records showed.
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A charging document alleged that DiPietro submitted approximately a dozen fraudulent applications to financial institutions for disaster-relief loans — primarily under the Payroll Protection Program, aka PPP — between April and October 2020. PPP loans were typically forgivable for qualifying small businesses.
DiPietro’s applications falsely represented wages, revenues and employment levels at the restaurant and other firms ostensibly run by the Linwood man, the information said.
For example, DiPietro obtained a $77,000 loan after a June 2020 application described his restaurant as an eight-worker business that he and his wife had run since 2015. But DiPietro had not owned or operated the restaurant “since sometime in 2017,” according to the information.
Similarly, it alleged that DiPietro received a $150,000 Small Business Administration loan in his wife’s name for a Mount Laurel firm called Lorraine Farms Lawn & Snow LLC. But IRS records showed the business “since at least 2014 … has not filed any tax returns with the IRS and has not paid wages to any employees,” the information said.
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It also accused DiPietro of hiding income of approximately $6.3 million from 2015 through 2021, and of not filing personal or corporate income tax returns with the IRS during that time.
That created an unpaid tax bill of approximately $1 million, the information said.
DiPietro’s attorney declined to comment.
A Dec. 16 plea agreement noted that DiPietro’s sentence will be at the discretion of a federal judge.
“The sentence on each county may run consecutively,” it added.
The plea deal called for DiPietro to make full restitution for all losses, as well as a payment of about $1 million to the IRS.
U.S. District Judge Edward Kiel has scheduled the sentencing for April 22.Jim Walsh is a senior reporter with the Courier-Post, Burlington County Times and The Daily Journal. Email: [email protected].
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