Marc Andrew Martin, 46, a Detroit resident, pleaded guilty to a one-count fraud conspiracy charge in a $14 million Paycheck Protection Plan loan fraud scheme.
Court documents revealed that Martin and others, including Matthew Parker, conspired to defraud lenders of over $14 million in PPP COVID-19 relief loans between March 2020 and August 2021.
Parker, a licensed CPA in Michigan, recruited hundreds of small businesses in Pittsburgh and Detroit and falsified PPP loan applications.
Court documents revealed that the Small Business Administration approved 226 of those applications, resulting in loans totaling approximately $14.5 million to businesses.
This incident is the largest known PPP fraud in the Western District of Pennsylvania.
Martin referred approximately $1,900,000 in fraudulent loan packages to Parker. Parker pleaded guilty to fraud conspiracy in May 2024.
A scheduled sentence was set for July 10, 2025.
According to the law, a total sentence of up to 30 years and a fine of up to $1 million or both could be considered.
