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A Wilmington tax preparer was sentenced Monday to more than six years in federal prison for orchestrating a nationwide fraud scheme that siphoned off more than $9 million in COVID-19 relief funds.
Jady Solano, 43, was sentenced to 80 months behind bars after prosecutors said he led a wide-ranging effort to defraud the federal Paycheck Protection Program (PPP), which was created to help small businesses retain employees during the pandemic. None of the loans tied to the scheme were repaid, authorities said.
According to court documents, Solano used his position as a tax preparer to file 62 fraudulent PPP loan applications on behalf of shell companies that had no actual business operations or employees.
The applications falsely claimed the businesses had payrolls exceeding $1 million in some cases. Solano also submitted fake tax documents and bank statements to support the applications.
The scheme resulted in more than $9.1 million in pandemic relief funds being disbursed. Solano personally pocketed nearly $1.4 million, which he has been ordered to repay as part of a federal restitution order. --->READ MORE HERE
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July 28, 2025 – Political Solutions, LLC, has agreed to pay the United States $556,924 in damages and penalties to resolve allegations Lady Justicethat it violated the False Claims Act (FCA) and the Financial Institutions Reform, Recovery, and Enforcement Act (FIRREA) by receiving a loan under the Paycheck Protection Program (PPP), Acting U.S. Attorney Kimberly A. Sanchez announced.
Congress created the PPP in March 2020 as part of the Coronavirus Aid, Relief, and Economic Security Act to provide emergency relief to small businesses experiencing economic hardship caused by the COVID-19 pandemic. Although many small businesses were eligible for these loans, some were not, including those primarily engaged in political or lobbying activities.
In April 2020, Political Solutions, a lobbying firm, applied for and received a PPP loan for $216,000. Political Solutions applied for and received forgiveness of the loan from the U.S. Small Business Administration (SBA) in January 2021. This settlement resolves allegations that Political Solutions knowingly made false statements in certifying the business’s eligibility for a PPP loan. As part of the settlement, Political Solutions agreed to pay $456,924 in damages under the FCA and $100,000 in civil penalties under FIRREA. --->READ MORE HEREFollow links below to relevant/related stories and resources:
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