South Florida Beauty Spa Owner Accused of COVID-19 Relief Fraud Scheme
Millions of Dollars Stolen from Relief Funds
A South Florida beauty spa owner was charged with three counts each of wire fraud and money laundering for allegedly using COVID-19 relief funds to finance a luxurious lifestyle.
Fraudulent Scheme
Cassandra Yolanda Clarke, 45, of Miramar, allegedly submitted fraudulent applications on behalf of her companies, Narotique Med Spa LLC and Narotique Beauty Bar Inc., to the Small Business Administration and Paycheck Protection Program. The applications included fraudulent IRS tax forms created and submitted by Clarke.
Fraudulent Use of Funds
The total amount Clarke received from the scheme was $851,894. The funds were used to lease a Bentley Bentayga and make luxury purchases at the Bal Harbour Shops.
Charges and Potential Penalties
Clarke was charged with three counts each of wire fraud and money laundering. If convicted, she faces up to 10 years in prison for money laundering and 20 years in prison for wire fraud.
Conclusion
The case highlights the importance of vigilance in preventing fraud and abuse of COVID-19 relief funds. It also underscores the serious consequences of such actions, including criminal charges and potential imprisonment.
Frequently Asked Questions
Q: What was the total amount of funds stolen from the COVID-19 relief scheme?
A: $851,894
Q: What were the charges filed against Cassandra Yolanda Clarke?
A: Three counts each of wire fraud and money laundering
Q: What is the potential punishment for wire fraud and money laundering if convicted?
A: Up to 20 years in prison for wire fraud and up to 10 years in prison for money laundering
