Man Busted Fraudulently Receiving Over $2 Million in Relief Funds, Buying $689k Boat

A man has been busted fraudulently receiving over $2 million dollars in COVID-19 relief funds and immediately using nearly $700k to buy a boat.

The U.S. Secret Service announced Thursday “a joint Secret Service investigation led to a Florida man being arrested for fraudulently receiving more than $2 million in COVID-19 relief funds for a small business, instead the government relief funds were used for his personal benefit.”

Per, United States Attorney Maria Chapa Lopez announces the arrest and unsealing of a criminal complaint charging Casey David Crowther (35, Fort Myers) with making a false statement to a lending institution. If convicted, Crowther faces a maximum penalty of 30 years in federal prison.

According to the complaint, Crowther sought and received more than $2 million in a Payroll Protection Program (PPP) loan through an application to an insured financial institution on behalf of his company, Target Roofing & Sheet Metal, Inc.

Crowther submitted a loan application that included false and misleading statements concerning what the PPP funds would be used for, specifically that the PPP funds would only be used for business-related purposes, to retain workers, and maintain payroll or make mortgage payments, lease payments, and utilities payments.

The complaint further alleges that within days of receiving the PPP funds, Crowther used a portion of the funds to purchase a 2020 40-foot catamaran boat for approximately $689,417, which he registered in his name.