PROVIDENCE, RI (AP) – A convicted Rhode Island bank robber fraudulently obtained $ 600,000 in recoverable federal business loans and spent $ 30,000 in Las Vegas before being arrested, federal prosecutors said Tuesday.
Michael Moller, 41, of Middletown, was held without bail pending trial in a federal court appearance Tuesday.
In April, Moller requested $ 4.7 million in Paycheck Protection Program loans to pay employees at companies he said were based in Fall River, Mass., The employees said. prosecutors. There was no evidence that these companies existed, authorities said.
In addition to applying for loans in his own name, he applied for loans using his father’s name, his girlfriend’s brother’s name and his girlfriend’s son’s name, authorities said.
Federal program funds are intended for businesses struggling due to the coronavirus pandemic.
He actually received $ 600,000 through the program and spent $ 30,000 on a trip to Las Vegas, authorities said.
Moller, who also goes by Michael Robinson, is accused of misrepresentation and bank fraud.
According to court records, Moller remains on probation due to previous bank robbery convictions in Massachusetts. At the time of the thefts, he was on probation for a fraud conviction.
An email and phone call requesting comment was left with his Federal Public Defender.