May 6, 2020 - 4:18pm

Two businessmen have been charged in the District of Rhode Island with allegedly filing bank loan applications fraudulently seeking more than a half-million dollars in forgivable loans guaranteed by the Small Business Administration (SBA) under the Coronavirus Aid, Relief, and Economic Security (CARES) Act. 
David A. Staveley, aka Kurt D. Sanborn, 52, of Andover, Massachusetts, and David Butziger, 51, of Warwick, Rhode Island, are charged with conspiring to seek forgivable loans guaranteed by the SBA, claiming to have dozens of employees earning wages at four different business entities when, in fact, there were no employees working for any of the businesses.
Mr. Staveley and Mr. Butziger were accused of trying to steal money from the Paycheck Protection Program, the newly created federal relief program that provides low-interest loans to small businesses. 
The pair claimed to operate businesses that didn’t exist, payroll expenditures for people that were not employees of claimed business, and tried to steal the identities of legitimate businesses in an attempt to get loans.
It was reported that the charges were the result of a tip given to the local police, who shared it with the F.B.I. and the U.S. attorney’s office in Rhode Island.