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Businessman spent $700K in PPP loan money on a boat: feds

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A Florida businessman is accused of fraudulently acquiring $2 million in coronavirus relief aid and using nearly $700,000 to buy himself a fancy 40-foot boat.

Casey David Crowther, 35, of North Fort Myers, allegedly lied to a lending company when he applied for a Payroll Protection Program (PPP) loan on behalf of his company, claiming it would be used to cover wages, rent and utilities for his roofing business, according to a criminal complaint filed in US District Court, the Smoking Gun reports.

Read more on The New York Post;

https://nypost.com/2020/09/04/businessman-spent-700k-in-ppp-loan-money-on-a-boat-feds/

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