Daniel Joseph Tisone held himself out as a successful entrepreneur from Naples, Florida, with a business enterprise degree and flourishing expenditure portfolio in his purposes for federal COVID-19 relief funds.
But prosecutors stated the 34-12 months-aged didn’t mention his conviction in a unsuccessful theft try in college or university that associated pistol-whipping a university student — and that the registration for most of his businesses experienced lapsed ahead of the start off of the pandemic.
Now Tisone has been indicted on felony fraud fees in the Middle District of Florida stemming from allegations he submitted bogus files to nab $2.6 million in federal COVID-19 financial loans.
Prosecutors mentioned Tisone utilized the money to purchase at least two households in Naples, bulk invest in securities and stockpile ammunition for guns he wasn’t authorized to individual. The governing administration has requested him to forfeit a number of of his high-priced belongings as a outcome — together with his boat and a customized 4-carat diamond engagement ring.
Tisone was arrested March 31 and has since posted a $250,000 bond.
A grand jury indicted him April 20 on 18 counts of wire fraud, lender fraud, id theft, illegal monetary transactions and unlawful possession of ammunition by a convicted felon.
But in a assertion to McClatchy News on Monday, April 25, Tisone’s defense lawyer reported there is more to it than the indictment indicates.
“The indictment fails to expose all the details and conditions bordering this case,” Mark Eiglarsh claimed. “I’ve entered a ‘Not Guilty’ plea on behalf of my client and have demanded a jury trial. At the acceptable time, we will reveal in court docket evidence that the two negates and/or mitigates his guilt.”
Bogus organization ventures
Congress passed the Coronavirus Help, Relief, and Economic Stability Act at the begin of the pandemic in March 2020 to stave off financial downturn. The offer provided billions of bucks in forgivable loans for modest companies identified as the Paycheck Defense Program, or PPP, as well as an growth of the Economic Damage Catastrophe Financial loan, or EIDL, system.
It also incorporated a 3rd program through the Treasury Department recognised as the Key Road Lending Method, by which tiny and medium-sized companies experienced for fiscal guidance.
Tisone applied for money from all a few systems employing at the very least five businesses that have been at 1 time registered in his identify, prosecutors mentioned.
The firms provided an eco-helpful auto wash in Virginia regarded as Rub a Dub Eco Wash, a vehicle treatment services corporation for electric and autonomous motor vehicles called Rub a Dub, and a keeping enterprise for “high-development combined-use properties” acknowledged as TEC Ventures.
An FBI agent investigating the case said Tisone’s name is attached to a Yelp website page for the car wash organization, which mentions that he examined accounting and finance, mentors troubled teens and is a member of the American Sailing Affiliation in Washington, D.C.
Tisone also maintains a website for TEC Ventures in which he is stated as the president and has a bio that describes him as a “successful organization developer” with techniques in “business system, investor relations, money raising and innovation.”
Both equally his TEC Ventures bio and his LinkedIn site point out that he graduated from Catholic University Busch Faculty of Organization & Economics, during which time he states he commenced Rub a Dub.
Records with the Virginia Point out Company Commission clearly show Tisone integrated his 5 firms in between 2013 and 2017, but all of them look to have turn into inactive within just a year of two of their registration. Tisone then reactivated a number of of them involving March and July 2020.
Prosecutors explained which is for the reason that he submitted bogus applications for federal loans on behalf of the companies close to the similar time.
The purposes reportedly provided created-up figures for his month to month payroll expenses, the amount of people he employed and the company’s gross profits. Tisone is also accused of doctoring payroll and tax paperwork he submitted with the purposes as perfectly as using the names and Social Stability numbers of other folks he explained worked for him.
Prosecutors mentioned the apps failed to point out Tisone’s two felony convictions from 2007 and 2012 that would have created him ineligible for particular pandemic assistance.
Feds search for engagement ring, luxury yacht
When Tisone was a 19-year-previous sophomore attending Hofstra College in 2006, he was accused of seeking to rob a different university student, the Hofstra Chronicle described. He was accused of arranging to steal the student’s cocaine and laptop computer in the course of a drug deal, but an altercation ensued and he fled, court documents clearly show.
A jury convicted him the subsequent year on rates of attempted robbery, hindering prosecution and assault. He was sentenced to 6 decades in jail but was launched after two, according to New York corrections data.
Tisone reportedly did not involve the conviction — or his later on conviction on charges of possessing a controlled material — in his 10 applications for MSLP, EID and PPP financial loans, resulting in the government depositing extra than $2.6 million into his financial institution accounts amongst March 2020 and April 2021.
Prosecutors first charged Tisone in a felony complaint on March 30, court docket files display, and a grand jury returned the indictment immediately after his arrest. He pleaded not guilty through an arraignment listening to on April 21.
If he is convicted, Tisone faces up to 30 yrs in jail for just about every rely of wire and lender fraud, at the very least two a long time for every count of identification theft, and up to 10 years for each individual count of illegal financial transactions and possession of ammunition.
Prosecutors also ordered him to forfeit:
▪ $2.6 million constituting the amount of money he received for the duration of the alleged scheme
▪ More than $65,000 from TEC Ventures’ lender accounts
▪ A 4-carat oval cut, lab-developed diamond engagement ring with a custom 18K yellow-gold band environment that he reportedly acquired in September
▪ A luxury yacht
▪ A waterfront apartment in Naples
▪ A $3 million single-family members residence in Naples
▪ Assorted ammunition
A status meeting is established for Might 9, and the decide established Tisone’s situation for trial through the June 1 term.