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Date: 12-04-2021
Case Style:
Case Number: 0:20-cr-60139-WPD
Judge:
Court: United States District Court for the Southern District of Florida (Broward County)
Plaintiff's Attorney: United States Attorney’s Office
Defendant's Attorney:
Description: Fort Lauderdale, Florida criminal defense lawyer represented Defendant charged with conspiracy to commit wire fraud.
Keyaira Bostic, age 32, of Pembroke Pines, obtained a PPP loan of $84,515 for her company, I Am Liquid Inc., based on false information about the company’s number of employees and average payroll, and based on false supporting tax and bank documents. Bostic also paid more than $21,000 to an alleged co-conspirator, James Stote, as a kickback for his assistance in preparing and submitting the fraudulent loan application. The evidence also showed that Bostic, in exchange for kickbacks, referred other co-conspirators to the scheme on whose behalf Stote submitted fraudulent PPP loan applications. Those loan applicants sought more than $3.3 million in fraudulent PPP loans and obtained nearly $2 million in PPP loan proceeds.
Bostic was convicted of conspiracy to commit bank fraud and wire fraud and three counts of wire fraud. She was found not guilty of bank fraud. She is scheduled to be sentenced on Feb. 3, 2022, and faces a maximum penalty of 20 years in prison for each count of conviction. A federal district court judge will determine any sentence after considering the U.S. Sentencing Guidelines and other statutory factors.
Stote was charged by information on Nov. 10 with wire fraud, bank fraud, and conspiracy to commit wire fraud. His case remains pending.
U.S. Attorney Juan Antonio Gonzalez of the Southern District of Florida; Assistant Attorney General Kenneth A. Polite Jr. of the Justice Department’s Criminal Division; Special Agent in Charge Michael J. De Palma of the IRS-Criminal Investigation (IRS-CI) Miami Field Office; Special Agent in Charge George L. Piro of the FBI’s Miami Field Office; and Special Agent in Charge Amaleka McCall-Brathwaite of the SBA’s Office of Inspector General (SBA-OIG) Eastern Region made the announcement.
The IRS-CI, FBI, and SBA-OIG investigated the cases.
Assistant U.S. Attorney David Turken of the Southern District of Florida and Trial Attorney Philip Trout of the Criminal Division’s Fraud Section are prosecuting the case. Assistant U.S. Attorney Nicole Grosnoff is handling asset forfeiture.
18:U.S.C.§1349 CONSPIRACY TO COMMIT BANK FRAUD AND WIRE FRAUD
(1)
18:U.S.C.§1343 WIRE FRAUD
(5-7)
Outcome: 11/29/2021 93 EXHIBIT and WITNESS LIST as to Keyaira Bostic (cbr) (Entered: 11/29/2021)
11/29/2021 94 Jury Instructions as to Keyaira Bostic (cbr) (Entered: 11/29/2021)
11/29/2021 95 NOTICE of Filing Copy of Indictment That Went to The Jury as to Keyaira Bostic (cbr) (Additional attachment(s) added on 11/29/2021: # 1 Restricted Unredacted Indictment) (cbr). (Entered: 11/29/2021)
11/29/2021 96 Jury Notes as to Keyaira Bostic (cbr) (Additional attachment(s) added on 11/29/2021: # 1 Restricted Unredacted Jury Note/Verdict) (cbr). (Entered: 11/29/2021)
11/29/2021 97 JURY VERDICT as to Keyaira Bostic (1) Guilty on Count 1,5-7Keyaira Bostic (1) Not Guilty on Count 3 (cbr) (Additional attachment(s) added on 11/29/2021: # 1 Restricted Unredacted Jury Note/Verdict) (cbr). (Entered: 11/29/2021)
11/29/2021 98 Notice of Presentence Investigation Assignment of Keyaira Bostic to US Probation Officer Rebecca Hill in the Fort Lauderdale U.S. Courthouse and he/she can be contacted at 954-769-5554 or Rebecca_Hill@flsp.uscourts.gov. (bmy) (Entered: 11/29/2021)
Plaintiff's Experts:
Defendant's Experts:
Comments: