BOSTON – A Salem man pleaded guilty today in federal court in Boston in connection with two fraud schemes involving COVID-19 relief funds and tax returns for other individuals.
Roosevelt Fernandez, 42, pleaded guilty to two counts of wire fraud and one count of aggravated identity theft. U.S. District Court Judge Richard Stearns scheduled sentencing for May 11, 2022. Fernandez was charged in December 2020.
Fernandez applied for 10 Economic Injury Disaster Loans (EIDL) from the U.S. Small Business Administration (SBA), either in his own name or in the names of entities he controlled. EIDL funds were available to eligible individuals and businesses pursuant to the Coronavirus Aid, Relief, and Economic Security Act (CARES Act). In June 2020, Fernandez applied for an EIDL under the name Soluciones Multi Service, an entity he controlled, and submitted a false tax filing in support of the application. As a result, the SBA deposited $124,900 into a bank account controlled by Fernandez from which he withdrew more than $80,000 in cash over the next two weeks. In August 2020, Fernandez applied for an EIDL in the name of another business using fraudulent tax filing information. As a result, the SBA deposited $149,900 into the same bank account.
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