MIAMI (AP) — Federal prosecutors say a South Florida nurse fraudulently obtained about $420,000 in coronavirus relief funds.
Giraldo Caraballo made his initial appearance Friday in Miami federal court. He’s charged with engaging in transactions in unlawful proceeds and making false statements to a financial institution.
A criminal complaint says Caraballo applied for and received a Paycheck Protection Program loan on behalf of his company, Professional Skills Inc. He claimed the company had 28 employees and an average monthly payroll of $168,000, which investigators said was untrue.
Instead of using the money for payroll, prosecutors said Caraballo transferred the money to other accounts and used it for personal expenses.