2 Peorian brothers indicted on PPP-related fraud

14 Marshall, DeSoto County residents accused of PPP fraud, money laundering
14 Marshall, DeSoto County residents accused of PPP fraud, money laundering(MGN)
Published: Jan. 23, 2023 at 11:34 AM CST
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PEORIA (25 News Now) - 2 brothers from Peoria were charged by a grand jury Wednesday with wire fraud and making false statements relating to the Paycheck Protection program and unemployment insurance benefits.

The Department of Justice says Derek Griffin, 35, was charged with four counts of wire fraud and two counts of false statements. The indictment alleges the offenses occurred from July 2020 through July 2022.

His brother Eric, also 35, was charged with five counts of wire fraud and two counts of false statements. The indictment alleges the offenses occurred from July 2020 through June 2021.

Both have been issued a summons to appear in federal court in Peoria for arrangement on February 15.

If convicted, the maximum statutory penalties for each of the wire fraud counts is a maximum of 20 years’ imprisonment, a three-year term of supervised release, $250,000 fine, and restitution.  Each of the false statement counts has a maximum penalty of five years’ imprisonment, a three-year term of supervised release, $250,000 fine, and restitution.

The investigation was conducted by the Department of the Treasury, Internal Revenue Service - Criminal Investigation and the FBI.