Anchorage business owner agrees to pay $400K over fraudulent CARES Act loans, federal prosecutors

Anchorage business owner agrees to pay $400K over fraudulent CARES Act loans, federal prosecutors say


An Anchorage business owner has agreed to pay $397,990 after fraudulently obtaining loans through a federal pandemic relief program, federal prosecutors said Friday.

Robert Gross, 65, submitted false information for six companies he owned to obtain loans and advances from the Economic Injury Disaster Loan program between April and September 2020, the U.S. Attorney’s Office for the District of Alaska said.

As part of the civil settlement agreement, Gross must repay the outstanding loan balances, plus interest, as well as pay $242,990 in damages. Under a criminal non-prosecution agreement, Gross also admitted to the making the false statements and agreed to terms in place of a criminal prosecution, federal prosecutors said.

The agreements help resolve a federal investigation into $164,000 in loans and advances that Gross received under the Coronavirus Aid, Relief, and Economic Security Act.

Read more: https://www.adn.com/business-economy/2021/10/29/anchorage-business-owner-agrees-to-pay-400k-over-fraudulent-cares-act-loans-federal-prosecutors-say/
(Anchorage Daily News)