North Carolina man accused of defrauding SBA, others of $800,000
Published 9:41 am Saturday, August 22, 2020
A North Carolina man was arrested Friday in connection with various schemes that defrauded the U.S. Small Business Administration and others of more than $800,000, federal prosecutors said.
Dino Crnalic, 33, of Charlotte, appeared in federal court in Charlotte on Friday, the U.S. Department of Justice said in a news release. Prosecutors said the alleged fraud schemes involved Crnalic’s efforts to open a sushi restaurant and fitness center near downtown Charlotte.
According to an indictment, Crnalic executed multiple fraudulent schemes and obtained more than $800,000 in SBA-backed loans from July 2017 through at least November 2019. Prosecutors said Crnalic secured the loans by submitting fraudulent documents, including fraudulent applications and fake supporting documentation, and by making various false statements.
According to the indictment, Crnalic used the money for personal expenses, including trips to various casinos, among other things.
Crnalic was also accused of stealing the identity of at least one person and used various falsified documents in that person’s name, including a falsified U.S. passport.