Mesa man faces fraud charges after asking for over $ 450,000 in COVID relief | Coronavirus in Arizona


PHOENIX (3TV / CBS 5) – A Mesa man faces charges after authorities said he fraudulently requested more than $ 450,000 in COVID-19 relief funds.

James Polzin of Mesa was charged Wednesday with three counts of fraud relating to major disaster or emergency benefits and three counts of wire fraud. Department of Homeland Security, IRS, and FBI investigators say Polzin, 47, provided bogus economic disaster loan (EIDL) applications between May 2020 and July 2020. He allegedly claimed employees and non-existent income for businesses he allegedly owned and operated. . The criminal complaint alleges that Polzin submitted false loan documents containing conflicting information for the same companies on each request.

The complaint goes on to say that Polzin allegedly bought a house from Gilbert in June 2020 and paid nearly $ 400,000 in cash. Investigators say bank records show that two bank accounts received Paycheck Protection Program (PPP) deposits of several thousand dollars between April 2020 and June 2020.

The PPP allows small businesses and other eligible organizations to receive loans with an interest rate of 1%. Businesses should use PPP loans for salary costs, mortgage interest, rent, and utilities. PPP allows for forgiveness of interest and principal if companies spend the money for those expenses within a specified time frame and use at least a certain percentage of the loan for salary expenses. EIDL loans are different from Small Business Administration PPPs. EIDL loans must be repaid.

Arizona’s Family has obtained a list of all Arizona small businesses that have received an EIDL. Polzin’s alleged bogus companies appear twice on this list, simply named James Polzin and Polzin Holdings, LLC.

3 On Your Side covered a similar type of fraud in this regard, where Arizona residents made fraudulent loan applications on their behalf. Check out our list of small businesses in Arizona that received a COVID-19 economic disaster loan to see if you could be a victim. (Note: this is a large file.)

Scottsdale man charged $ 26,000 small business loan he never applied for

According to SBA data, 62,005 COVID-19 economic disaster loans worth $ 3.3 billion have been made in Arizona.

Anyone with information about allegations of attempted fraud involving COVID-19 can report it by calling the Department of Justice’s National Center for Disaster Fraud Control hotline at 866-720- 5721 or online here.

Copyright 2021 KPHO / KTVK (KPHO Broadcasting Corporation). All rights reserved.

Leave A Reply

Your email address will not be published.