COLUMBUS, Ohio – A Columbus woman was convicted in federal court today and fined $ 250,000, the maximum amount allowed by law, for committing COVID rescue fraud. In addition to her fine, she was ordered to pay over $ 128,000 in restitution.
Janet Jenison, 38, was convicted of three counts of wire fraud and one count of misrepresenting a loan application from the Paycheck Protection Program.
Jenison was indicted by the Information Act in May 2021 and pleaded guilty in July 2021.
According to court documents, Jenison submitted three fraudulent requests to obtain Paycheck Protection Program (PPP) loans, created by the CARES Act, for Janet Minton Marketing, LLC, a company registered in her maiden name. The requests collectively sought $ 298,719.67 in fraudulent loans. Two of the requests were approved and a financial institution disbursed $ 160,247.
In support of all three requests, Jenison created fake Fifth Third Bank account statements for her business for the period February 8, 2020 to March 6, 2020. Bank statements showed debits for payroll, withholding taxes and business expenses. Fifth Third Bank’s professional account was only opened on April 27, 2020.
Jenison also submitted false tax documents. A document claimed that she had chosen to classify her marketing business as a corporation and was dated January 24, 2020, but the employer identification number on the form was not created until four months later. The defendant also made false statements about federal employment tax filings.
Jenison was questioned by law enforcement in March 2021 and she admitted to creating the false documents submitted in support of the claims.
As part of her sentence, Jenison was ordered to pay $ 128,783.04 in restitution and to serve five years of probation, including six months of house arrest.
Kenneth L. Parker, United States Attorney for the Southern District of Ohio; Bryant Jackson, Internal Revenue Service Special Agent, Criminal Investigations, Cincinnati Field Office; and officials of the US Treasury Inspector General for Tax Administration announced the sentence handed down today by US Chief District Judge Algenon L. Marbley. Assistant United States Attorney Peter K. Glenn-Applegate is representing the United States in this case.
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