From Dallas Express · Dallas Express · · 1m
North Texas Woman Indicted In $680,000 Pandemic Loan Fraud
North Texas woman faces 10-count indictment for $680,000 pandemic relief fraud scheme tied to Cedar Hill home construction.
In brief
North Texas woman faces 10-count indictment for $680,000 pandemic relief fraud scheme tied to Cedar Hill home construction. April Watson, 50, was indicted for obtaining $680,492 in pandemic loans through false business records and using funds to build a Cedar Hill home. Originally reported by Dallas Express.
Indictment Details
April Watson, 50, faces 10-count federal indictment for pandemic relief fraud.
Fraud Scheme Timeline
Prosecutors allege the scheme spanned from April 2020 through October 2021.
Loan Amounts
The scheme involved $210,698 in PPP funds from Kabbage, $299,800 in disaster loans from SBA, and $169,994 from JPMorgan Chase.
Construction Funds
Three transfers for Cedar Hill home construction totaled $114,850, with an additional $40,000 to an associate.
Legal Consequences
If convicted, Watson faces up to 20 years for wire fraud, 30 years for bank fraud, and 10 years for money laundering.
Prosecution Details
U.S. Attorney Ryan Raybould and Assistant U.S. Attorney Elise Aldendifer are handling the case through Dallas El Dorado Task Force.
The takeaway
April Watson, 50, was indicted for obtaining $680,492 in pandemic loans through false business records and using funds to build a Cedar Hill home.
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