Overview

• Alli pleaded guilty in December 2023 to disaster relief fraud and wire fraud for defrauding the SBA and lenders administering the Paycheck Protection Program
• Federal filings show that between April 2020 and November 2021 he used Allicorp and Oxypaper to obtain four PPP loans based on falsified financial data and fabricated payrolls
• The court ordered full repayment of $1.7 million to the Small Business Administration and the forfeiture of about $135,000 in seized assets, including Ethereum from a corporate Coinbase wallet
• Prosecutors detailed that Alli spent proceeds on nearly $500,000 in cryptocurrency, two Patek Philippe watches, private school tuition and luxury hotel stays
• U.S. Attorney Joseph Nocella Jr. and USPIS Inspector Daniel Brubaker said the sentence demonstrates federal resolve to pursue pandemic-relief scams