Augusta, GA – According to the police officials, her name is Jacinthia Williams and she was sentenced to 12 months plus one day in prison, followed by three years of supervised release, after pleading guilty to Wire Fraud.
Acting U.S. Attorney for the Southern District of Georgia. Chief U.S. District Court Judge J. Randal Hall also ordered Williams to pay $61,600 in restitution.
As described in court documents and testimony, in June and July 2020 Williams applied for and received three loans totaling $137,500 under the U.S. Small Business Administration (SBA) Economic Injury Disaster Loan (EIDL) Program comprised of funds appropriated by the CARES Act. Williams has already paid a portion of the fraudulently obtained loans back to the SBA.
In pleading guilty to the charges, Williams admitted falsifying the loan applications by inflating the number of employees of the businesses and the amount of money those businesses earned prior to the pandemic-induced economic downturn. She also admitted to spending some of the loan proceeds on purely personal matters.