Advertisement
  1. News
  2. /
  3. Health

Florida couple charged in $5.8 million COVID relief fraud

They submitted at least 70 fraudulent loan applications seeking funds from the Paycheck Protection Program and Economic Injury Disaster Loan program, prosecutors said.
A Florida couple accused of COVID relief fraud filed dozens of false loan applications that totaled nearly $6 million, prosecutors said.
A Florida couple accused of COVID relief fraud filed dozens of false loan applications that totaled nearly $6 million, prosecutors said. [ Photo illustration by ASHLEY DYE and MARTHA ASENCIO RHINE | Times ]
Published Apr. 6
Updated Apr. 6

DAVENPORT — A Florida couple accused of COVID relief fraud filed dozens of false loan applications that totaled nearly $6 million, prosecutors said.

Julio Lugo, 44, and Rosenide Venant, 37, used some of the $5.8 million to pay off a luxury vehicle, and spent over $62,000 at casinos, according to the U.S. Attorney’s Office for the Middle District of Florida.

Lugo also posted a Facebook video showing “a hotel room littered with $100 bills and at least $5,000 in merchandise from Louis Vuitton,” officials said in a news release on Friday. The money was obtained illegally from the Small Business Administration.

Beginning in March 2020, prosecutors said Lugo and Venant submitted at least 70 fraudulent loan applications seeking funds from the Paycheck Protection Program and Economic Injury Disaster Loan program, listing shell companies that they or their relatives set up.

They are each charged with with conspiracy and making false statements to a financial institution, the newspaper reported. Lugo faces a maximum penalty of 45 years in federal prison if convicted, while Venant faces up to 35 years in prison.

Court records did not list lawyers for Lugo or Venant.

The FBI and the Internal Revenue Service’s Tampa Field Office investigated the case, according to the release.

• • •

Tampa Bay Times coronavirus coverage

CORONAVIRUS IN FLORIDA: Find the latest numbers for your county, city or zip code.

NEED A VACCINE? Here's how to find one in the Tampa Bay area and Florida.

VACCINES Q & A: Have coronavirus vaccine questions? We have answers, Florida.

GET THE DAYSTARTER MORNING UPDATE: Sign up to receive the most up-to-date information.

GET THE DAYSTARTER MORNING UPDATE: Sign up to receive the most up-to-date information.

A TRIBUTE TO THE FLORIDIANS TAKEN BY THE CORONAVIRUS: They were parents and retirees, police officer and doctors, imperfect but loved deeply.

HAVE A TIP?: Send us confidential news tips

We’re working hard to bring you the latest news on the coronavirus in Florida. This effort takes a lot of resources to gather and update. If you haven’t already subscribed, please consider buying a print or digital subscription.