Florida

TexasTowelie

(115,258 posts) Fri Dec 25, 2020, 10:05 AM Dec 2020

Couple buys mansion in Seminole County with fraudulent $7.2 million PPP loan, feds say

A Florida couple is accused of fraudulently obtaining a $7.2 million federal loan meant to help businesses during the pandemic and spending that money on expensive cars and a multimillion-dollar house in Seminole County.

The federal government wants to seize the $3.5 million, seven-bedroom house, saying in civil court filings the estate was purchased with money connected to a wire fraud scheme.

Don Cisternino and his partner, Lori Quasky, purchased the home in July after Cisternino was investigated for using fake information to get a loan for his business, according to a federal court filing on Dec. 17.

It was the second time in four days the U.S. government has sought to seize money or property in Orlando federal court that was tied to someone accused of lying to received a multi-million Paycheck Protection Program loan, commonly known as PPP.

Read more: https://www.orlandosentinel.com/business/os-bz-ppp-fraud-house-seminole-20201223-cswwnoyx4jedhbcntbpamqleb4-story.html

The seven-bedroom mansion at 3018 Kingfisher Pt., in Seminole County, that authorities believe was purchased with money fraudulently obtained through a PPP loan. ((Corcoran Premier Realty))

4 replies

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Couple buys mansion in Seminole County with fraudulent $7.2 million PPP loan, feds say (Original Post) TexasTowelie Dec 2020 OP

They need to go to prison. Stealing PPE money meant to save lives. Despicable. nt Irish_Dem Dec 2020 #1

Check out Tom Brady and Joel Osteen while you're at it..nt monmouth4 Dec 2020 #2

who was responsible for distributing these loans...??? Crazyleftie Dec 2020 #3

Right after the cares Act was passed Dreampuff Dec 2020 #4

Irish_Dem

(55,605 posts)

1. They need to go to prison. Stealing PPE money meant to save lives. Despicable. nt

Reply to TexasTowelie (Original post)

Fri Dec 25, 2020, 10:23 AM

Dec 2020

monmouth4

(9,999 posts)

2. Check out Tom Brady and Joel Osteen while you're at it..nt

Reply to TexasTowelie (Original post)

Fri Dec 25, 2020, 10:27 AM

Dec 2020

Crazyleftie

(458 posts)

3. who was responsible for distributing these loans...???

Reply to TexasTowelie (Original post)

Fri Dec 25, 2020, 11:06 AM

Dec 2020

I appears they were indiscriminately dispersed to whomever asked for them.

An investigation is warranted.

Dreampuff

(778 posts)

4. Right after the cares Act was passed

Reply to Crazyleftie (Reply #3)

Fri Dec 25, 2020, 11:56 AM

Dec 2020

A news story said the name of the man and his government office that would be in charge of dispersing the money. Hours later Trump gave a speech where he said he would take care of the money and he laughed. The following day he fired the person who would be the overseer of that money. Many small businesses never saw a dime and didn't even get a chance to get their application in. The Kushner family had no problem doing it and neither did many of the other ultra-wealthy.

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