Indian-born doctor in New York City charged with fraud of $ 630,000 in COVID-19 loan program – The New Indian Express

Through PTI

NEW YORK: An Indian-born ophthalmologist, previously accused of healthcare fraud, has been charged with fraudulently obtaining nearly $ 630,000 in government-guaranteed loans to help small businesses during the pandemic of COVID-19 while on bail.

Ameet Goyal, 57, of Rye, NY, was charged in November 2019 with healthcare fraud, wire fraud and misrepresentation regarding health matters and was released from custody provisional.

Acting U.S. Attorney General for the Southern District of New York Audrey Strauss announced on Wednesday that Goyal had been indicted in an indictment for fraudulently obtaining the government guaranteed loans related to COVID-19 for which he was not eligible due to his pending criminal charges. He will be arrested on June 26.

In April 2020, in order to access funding for the Paycheck Protection Program (PPP) administered by the US Small Business Administration (SBA), Goyal falsely stated on two separate requests that he was not subject to any indictment in Classes.

PPP also limits each eligible borrower to a loan and a maximum loan amount calculated based on a company’s average monthly salary expenses.

Goyal circumvented the single loan requirement by submitting two separate requests, with different business names, email addresses, company ID numbers and loan amounts, while stating on each request that he owned another business.

“Although he is already accused of allegedly defrauding patients and insurers of millions of dollars, Goyal is said to have used his practice to commit new fraud amid the COVID-19 pandemic,” Strauss said.

He said Goyal blatantly lied on several loan applications that he was not subject to any charges, and on top of that, “fraudulently dug twice into the limited assets of the paycheck protection program by claiming to be making a claim on behalf of two separate companies. “

In doing so, Goyal allegedly plundered more than $ 630,000 in federal funds intended for legitimate small businesses in financial difficulty.

Goyal is charged with six counts under the Alternative Indictment of healthcare fraud, wire fraud, misrepresentation regarding health care matters, bank fraud, misrepresentation on a loan application and misrepresentation in a matter falling within the competence of the executive. branch of the United States government. Maximum sentences range from 5 to 30 years each for all counts.

According to allegations in the replacement indictment filed in Federal Court in White Plains, Goyal requested more than $ 630,000 in government guaranteed loans under the SBA’s PPP. More specifically, on or around April 21, 2020, he requested Loan-1 in the amount of USD 358,700 for the company “Ameet Goyal”, doing business as “Eye Associates”.

He then applied for a second loan in the amount of $ 278,500, revealing a separate business, which federal rules prohibited. To justify each loan, however, he submitted the exact same underlying salary expense report, showing the same employees and the same salary costs.

On each claim, he stated that he was the president and 100 percent owner of the respective claimant, and that he did not own any business other than the registered claimant. In both requests, he falsely answered “No” to the pending fee question.

He also falsely certified, among other things, that the applicant will not benefit from another PPP loan before the end of the year.

On May 3, 2020, he executed the loan note for $ 358,700 and received the funds in full and then executed multiple identical versions of the loan note for the second loan of $ 278,500 and received these funds in their entirety.