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Date: 05-16-2023
Case Style:
Case Number: 3:21-cr-00087
Judge: Jennifer P. Wilson
Court: United States District Court for the Middle District of Pennsylvania (Lackawanna County)
Plaintiff's Attorney: United States Attorney’s Office in Scranton
Defendant's Attorney:
Description: Scranton, Pennsylvania criminal defense lawyer represented Defendant charged with wire fraud in connection with a scheme to obtain COVID-19 pandemic relief money he was not entitled to receive, mail fraud and tax evasion.
Between June 18, 2020 and February 2021, Jonathan Olivetti, age 43, of Philadelphia, a licensed attorney, applied for two Paycheck Protection Program (PPP) loans and two Economic Injury Disaster Loans (EIDL) on behalf of Olivetti Law, LLC. Both loan programs were authorized or expanded by the Coronavirus Aid, Relief, and Economic Security (“CARES”) Act -- a federal law enacted in March 2020 that provided emergency financial assistance to millions of Americans suffering financial difficulties from the economic impact of the COVID-19 pandemic.
With respect to the PPP loans, Olivetti allegedly made materially false representations by inflating the payroll of Olivetti Law, LLC in the on-line applications and received $41,600 based upon those false representations. In addition, Olivetti made application for two Economic Injury Disaster Loans (“EIDL”) which were to provide low-interest financing (including forgivable $10,000 advances) to small businesses experiencing substantial financial disruption resulting from the COVID-19 pandemic. Olivetti’s EIDL loan applications each sought approximately $62,500 on behalf of Olivetti Law, LLC. The applications contained inflated gross receipts of Olivetti Law and ultimately were not approved by the SBA.
Olivetti also stole approximately $91,991.28 from an estate that he represented. Additionally, between November 9, 2015, and July 15, 2020, Olivetti attempted to evade paying his taxes by hiding funds and providing false information to an Internal Revenue Officer.
Judge Wilson also ordered Olivetti to pay restitution in the amount of $21,800 to SBA, $20,800 to MBE Capital, $91,991.28 for the mail fraud offense, and the loss for the tax evasion offense of $133,269.81. Olivetti was ordered to report to the Bureau of Prisons on June 9, 2023.
Outcome: 05/09/2023 65 JUDGMENT as to Jonathan Olivetti (1) - Imprisonment - 27 months. This term consists of 27 months on each of Counts 1 and 2 at docket number 3:21CR087-01, and on Count 1 at docket number 1:21CR380-01, all to run concurrently. Supervised Release - 2 years. This term consists of two years on each of Counts 1 and 2 at docket number 3:21CR087-01, and on Count 1 at docket number 1:21CR00380-001, to run concurrently. No fine. Special Assessment - $100 on each count, totaling $300. Restitution - $267,861.09.Signed by Honorable Jennifer P. Wilson on 5/9/2023. (ve) (Entered: 05/09/2023)
Plaintiff's Experts:
Defendant's Experts:
Comments: