DALLAS, Texas — Seven family members from the Dallas area have pled guilty to participating in a fraud scheme to obtain federal funds through the Paycheck Protection Program, according to the United States Attorney for the Northern District of Texas, Nancy E. Larson. The defendants were indicted in December 2023 for conspiracy and wire fraud related to forgivable federal loans obtained through the program.
The Paycheck Protection Program was created in response to the COVID-19 pandemic to provide emergency financial assistance to existing small businesses. According to plea documents, the loan applications submitted by the family falsely claimed each member was a sole proprietor with a monthly payroll of approximately $8,000. Purported tax documents filed in support of the applications provided additional false details about the sole proprietorships, including the type of businesses and annual net profits. The loans were approved and deposited into the family members’ personal bank accounts.
On Wednesday, June 18, six of the defendants pled guilty to conspiring to commit wire fraud. They are Lori Jackson, 63, Saidrick Jackson, 61, Saidrick Jackson II, 36, Saundria Jackson, 36, D’Andria Todd, 46, and Bianca Williams, 33. The seventh charged individual, Valencia Williams, 53, pled guilty to the conspiracy today. Each defendant faces up to five years in federal prison, though their sentencing dates have not been set…