Real estate broker sentenced to prison for using COVID relief funds improperly
Pre-sale tickets for a reboot of the notorious luxury party event, Fyre Festival, have sold out online.
Event organiser Billy McFarland, who went to prison in the US for fraud over the original 2017 event, which was eventually cancelled, racked up more than $40 million in losses.
Despite no location, date, or acts being announced, the first 100 tickets for Fyre 2, costing $770, have sold out.
Daniela Rendon, 31, was charged with seven counts of wire fraud, two counts of money laundering, and one count of aggravated identity theft. She pleaded guilty to one count of wire fraud in April.
Prosecutors say that Rendon received $381,000 in fraudulent PPP funds that she obtained by lying about her payroll in addition to submitting fraudulent IRS tax forms.
Disgraced NRL Star Jarryd Hayne has been caught up in a Bitcoin jail scam.
According to the Daily Telegraph, a con-artist duped Mr Hayne out of $780,000 worth of Bitcoin while the pair were inmates in Cooma Jail.
It is alleged Ishan Seenar Sappideen told the former Parramatta Eels player he worked for an investment company and could earn him big returns if he invested.
The New South Wales Police Fraud Squad and the AFP are investigating but Mr Sappideen is yet to be charged.
She allegedly used a payroll processor to pay herself, friends, and family members after claiming to be a real estate developer.
Rendon then allegedly used the COVID-19 funds to lease a 2021 Bentley Bentayga, rent a luxury Biscayne Bay apartment, pay for cosmetic dermatology procedures, and to refinish her designer shoes.
During a sentencing hearing on Aug. 17, Rendon said that it felt like “everybody was doing it,” according to the Miami Herald.
After being caught, Rendon said she realized her victims weren’t “faceless entities of the U.S. government” but “countless individuals and businesses” who suffered an “unparalleled period of economic distress.”
Daniela Rendon, 31, was charged with seven counts of wire fraud, two counts of money laundering, and one count of aggravated identity theft. She pleaded guilty to one count of wire fraud in April. Picture: Daniela Rendon/Instagram/Fox News
Her guilty plea combined with a 30-page thesis containing an apology, contributed to U.S. District Judge K. Michael Moore handing down a sentence of 3½ years. The wire fraud charge came with a five-year maximum prison sentence.
Rendon’s attorney asked for a five-year probation.
“It’s not as easy to see that you’re really stealing from your neighbors, your friends and other citizens,” Moore said. “It’s their money that goes to the Treasury that makes it possible to have these kinds of programs.”
She is also being ordered to pay back $198,990 to the U.S. government.
