Former USAID Employee Sentenced to Six Months in Prison for $176,000 COVID-19 Loan Fraud
Simeon Bakare, a former U.S. Agency for International Development (USAID) employee from Waldorf, Maryland, has been sentenced to six months in federal prison for fraudulently obtaining over $176,000 in pandemic relief funds. U.S. District Judge Theodore D. Chuang also ordered Bakare to forfeit $176,000 and pay an equal amount in restitution. Following his prison term, Bakare will serve three years of supervised release, which includes two months of home detention. Bakare pleaded guilty to wire fraud on June 3, admitting that between April 2020 and November 2021, he submitted at least five fraudulent applications for Paycheck Protection Program (PPP) and Economic Injury Disaster Loan (EIDL) funds. Prosecutors stated that Bakare used fabricated documents, including false IRS Schedule C forms, and falsely claimed the existence of sole proprietorships to qualify for the loans. Court documents revealed that the businesses listed in his applications lacked significant employees, office space, revenue, or actual ...