Roofing News: Owner of Roofing Business in Jail for misuse of $2MM PPP loan | @Roofing Insights
Roofer's News: Owner of Target Roofing in Jail for misuse of $2MM PPP loan
A federal jury convicted Casey David Crowther, 35, of Fort Myers, in a PPP loan fraud case where authorities alleged the roofing company executive bought a $700,000 boat, among other expenditures, with the ill-gotten gains.
The president of Fort Myers-based Target Roofing & Sheet Metal, Crowther was convicted of bank fraud, making a false statement to a lending institution and two counts of money laundering. Prior to that trial and March 26 conviction, Crowther plead guilty to one count of bank fraud and one count of making a false statement to a financial institution related to a mortgage fraud scheme. In that case, according to a statement from the U.S. Attorney’s office, Crowther created false bank statements to justify a loan he had used to purchase a nearly $1.3 million waterfront house in St. James City, on Pine Island in Lee County.
In the PPP loan case, Crowther, according to evidence presented at trial, obtained a $2.1 million Paycheck Protection Program loan by falsely stating he intended to use the money to make payroll and pay for rent and utilities for Target Roofing and Sheet Metal. Yet Crowther, authorities contended at trial, “intended to use the money to enrich himself and, once the loan was obtained, quickly used the proceeds to make a series of personal purchases including a nearly $700,000 boat and a $100,000 payment to a former business partner,” according to the statement.
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A federal jury convicted Casey David Crowther, 35, of Fort Myers, in a PPP loan fraud case where authorities alleged the roofing company executive bought a $700,000 boat, among other expenditures, with the ill-gotten gains.
The president of Fort Myers-based Target Roofing & Sheet Metal, Crowther was convicted of bank fraud, making a false statement to a lending institution and two counts of money laundering. Prior to that trial and March 26 conviction, Crowther plead guilty to one count of bank fraud and one count of making a false statement to a financial institution related to a mortgage fraud scheme. In that case, according to a statement from the U.S. Attorney’s office, Crowther created false bank statements to justify a loan he had used to purchase a nearly $1.3 million waterfront house in St. James City, on Pine Island in Lee County.
In the PPP loan case, Crowther, according to evidence presented at trial, obtained a $2.1 million Paycheck Protection Program loan by falsely stating he intended to use the money to make payroll and pay for rent and utilities for Target Roofing and Sheet Metal. Yet Crowther, authorities contended at trial, “intended to use the money to enrich himself and, once the loan was obtained, quickly used the proceeds to make a series of personal purchases including a nearly $700,000 boat and a $100,000 payment to a former business partner,” according to the statement.
Pocket Watchers, be Watchin’…hard.
@Goblins From Mars so ? are perfect.
@Ir333 they all missed the part where it read he WAS convicted of bank fraud and money laundering. 700k boat 1.3m waterfront property. Idgaf about a right or left. What he did was illegal, PERIOD. It’s pretty easy to have a bank statement and prove you had the money and this is just something you do. That likely isn’t the case. Just know he got millions. Others got trillions!?
@Ir333 Yep, and we call those scumbags “RINOS”
Funny how a private citizen misuses govt money, you got to jail for life. Govt officials misuse money and they get a pass and fat retirement.
And people keep voting them back in office.
Unfortunately the laws only applies to regular working ppl.
@Sasha Thomas Burnie Madoff!
@Thekiddd2013 ok almost life!
@Thekiddd2013 , you get the fucking point…
If he was a Wall Street banker or politician he would be getting a hand slap.
Yes and even China had its own banks in New York
More like a hand clap ??
Kevin H Yeah they would give him recurring ppp funding grants 10 million 2 MILLION oh YEAH notice no one in media talks about. PPP FRAUD
Kevin h no if he was a wallstreet business he would be getting more grants free money from our corrupt gov
Better look at Chicago…
There is a looooong list of politicians who’ve gone to jail for fucking around.
100 years? Only in America does someone go to jail longer for stealing money, than for killing someone.
@Ken W And that’s worse than killing someone?
@Richard Boddington first of all murder isn’t like you see in the movies. Most of the time it people who have conflict that escalated into something bigger. With so many guns, big egos, and hot tempers in America, murder isn’t surprising. This guy premeditated a crime, basically a heist to take millions from all of us.
He is not getting 100 years. Learn how our legal system works
@darnell smith Yes, but longer than a murderer? A murderer can be out in 20 years. I don’t care how much money someone steals, no one dies as a result, it is only money not human life!!!
That’s not true ..people that get mixed up in larger amounts of money do time …it’s a risk to be rich
100 years for a money issue?!?!? Meanwhile murderers spend 10 years in jail!?!? Make that man pay it back while running his business and put these animals , who deserve prison, back where they belong.
It’s very sad for someone abuse the system. He’s not the only one that got away with the government PPP loan. Some folks didn’t work at all but was quick to get $10,000. When you have peoples that did work and couldn’t get a penny. Taking from the American Peoples is not a good thing. If you do the crime and you do the time. He isn’t no better than all the other criminals who broke the law and got a life sentence bid for something simple. Just wonder how much time will he get……
@M_A_R_K_23 exactly if you do the crime you do the time. Facts ?
Thats says it all, Capital/ money is king in America. Dont mess with their money
Citywide Massage I would say the same thing.
Most people do get life in jail after murder
I am willing to wager that a lot of companies have done this.
They may have used a portion of it for their employees, but there is certainly widespread misuse of funds.
They had better have receipts.
For sure!
He kept his employees going . So he owned up to his alleged charge and thats it. He owned it. irregardless.
Uhhhh, “irregardless” is not a proper wordddddd. It’s regardless, ijs?
@Christy Cole lol
LMAO.
Great now he needs to pay for his crime irregardless
I’ve noticed a lot of supposed “perps” are being prosecuted even though the problem of deceit and crime began at the Government Employee that “authorized” the cash.
Facts, this guy actually handled his business as designed. Applause ? ? ? hope he get off,
Their probably all conservatives as the usurpers and criminals on the Left get a pass…example, the BLM MARXIST queen out blowing cash on multi million dollar mansions! ?
@BirdogEd There’s a difference between spending your money and government money, just say you’re a racist that blames the left for everything. He belongs in jail for his CRIME!
The Senator from Arizona Mark Kelly did this too!!!! Fired all his employees and closed his business in Arizona, “then” Secured a PPP loan, received those funds, then ran for the Senator in AZ, won, and kept all that money. Mark Kelly (former astronaut) and husband of Gabby Giffords (former House Democrat shot in head). He should be impeached then jailed.
Big govt. is the root of the problem by offering all of this money.
So any door left unlocked should be robbed? You’re justifying theft here buddy.
Then those corrupt gov’t higher-ups who habitually steal should suffer the same. Just because you wrote the law doesn’t mean you’re above it.
Nancy Pelosi said they would be watching with great scrutiny each and every loan dollar that went out. NOT! Why did Pelosi get a PPP loan? Ice cream is cheap still.
What the owner was thinking before he hired his employees. Now he is saying that the only thing he is worrying about people who works under him. Really. I don’t think so. Greedy owner mostly think how to make money using regular people labor to improve their life style or please their colored hair wife or mistress. This is mostly true
So where was his management team and lawyers and accountants when this all went down. I’m pretty some other people got their share and he took the blame for it all. As well as he should.
If he was a House or Senate democrat he would have gotten millions more and NO investigation would have been done. Just ask Maxine Waters or Mitt Romney.
Possible 100 years in prison?!? Murderers get less time than that!!
He got 3 years out of a possible 100
Nah, pedophiles get less time than that and that’s ridiculous
@Hunter Stevens stop spreading false information we already know what’s up after last summer
@Hunter Stevens I dont know what planet you live on black people get more time for the same crime https://www.ussc.gov/research/research-reports/demographic-differences-sentencing
@Mike Holley I wish people would put the government in it’s place
Nothing is free and we are all being watched! On that note, Happy Easter! I hope everyone has a wonderful day.
Paganism huh? Yes you are being watched.
You too brother: happy Easter!
It’s funny that no one ever does what they have already been convicted of.
The owner of the company steals 2MM but the company and it’s employees are still OK? ??
??
@J Make it a good run
He was supposed to spend the money on his workers
he spent the dough on the 3 BBB’s. Boz, broads an blow….I mean I would
In 10 years He’ll turn up in Florida politics. That is how they climb the ladder of success.
Ain’t that the truth!
Vote Crowther! ?
@Peter Kerusso unless as republican will they be.
Just had one of the rioters to run for a position but the fool didn’t even know the office he wants is in Washington so he has trouble ahead because he can’t even go to the Capitol rihgt now so you right he might just ask for a vote one day lol smh
@Peter Kerusso unless youre white