Fort Lauderdale A man who boasted a Lamborghini, a clothing designer, was arrested for a PPP scam

The public life of Valeschi Barossi—or at least the one he claimed to lead on social media—was defined by the extravagant hoarding of silk: new Lamborghini Huracán EVO, designer clothes by Chanel, Gucci, Louis Vuitton, and watches by Rolex and Hublot.

The 27-year-old “entrepreneur” in Fort Lauderdale made his fortune working as an executive at Financial Education Services Inc. Michigan-based credit score repair, by all accounts, has been a career high. In January 2020, joint business news service AccessWire named Parossi one of the “Top 10 Leaders to Watch Closely in 2020,” noting that the young professional’s success as a Haitian immigrant and the organization’s youngest executive vice president expected to “make sales of over $6 million and beyond” and described it as the embodiment of the “American Dream.”

Welp.

According to the latest federal indictment, authorities have been keeping a close eye on Barosy and have accused the promising businessman – now the head of V Barosy Solutions – of committing a slew of financial crimes including wire fraud, money laundering and identity theft. If convicted, he faces up to 132 years in prison.

In March 2020, as businesses across the United States began shutting down as a result of the COVID-19 shutdown, Barosy and his unnamed associates allegedly filed quite a few fraudulent loan applications — tampering with company expenses, net profit, and several IRS tax forms. To request more than $4.2 million from the federal government’s Paycheck Protection Program (PPP). Court documents indicate that they eventually received $2.1 million.

The Coronavirus Aid, Relief, and Economic Security Act (CARES) went into effect on March 29, 2020, and was intended to provide emergency financial assistance to US companies struggling to cover payroll and other business-related expenses in the form of a $349 billion revocable loan package. Congress approved an additional $300 billion the following month.

The money has been earmarked for companies suffocating under the weight of the financial crisis caused by the shutdowns that threatened to devastate global economies. But if the allegations made in the federal indictment are true, Parossi saw these emergency funds as his.

The Fort Lauderdale resident was apparently the kind of person who liked to remind us of his fortune. According to the indictment, Barossi showed in the photos he posted on Instagram his watches worth tens of thousands of famous brands such as Chanel and Gucci. The investigation was led by the US Secret Service, which operates a field office in Miami.

In all, Barusi, who made his first appearance in a Miami federal courtroom on December 29, was charged with five counts of electronic fraud, three counts of money laundering, and one count of aggravated identity theft. Court records show that Parossi did not appear in court on Monday, citing a “quarantine”. He’s being held at the Joseph F. Conti facility in Pompano Beach.

the new era He tried to contact Barrosi’s lawyer, Omar Antonio Lopez, by phone and email on Monday, but received no response.

Despite the brazenness of the allegations, Parossi is far from the first person to attempt to pull a swift decision on the federal government under the purported guise of seeking financial assistance for COVID.

South Florida remains among the busiest in the country when it comes to investigating and prosecuting COVID-related fraud cases. In March 2021, for example, the US Attorney’s Office for the Southern District of Florida announced that it was pursuing 18 different cases of alleged coronavirus relief fraud. By May, the bureau announced the formation of the COVID-19 Fraud Enforcement Task Force, an initiative aimed at strengthening efforts to prevent fraud linked to the pandemic.

“Our work has just begun, and we will continue to work with our partners to hold those who try to deceive South Florida residents with much-needed relief funds to account,” Ariana Fajardo-Orchan, the US District Attorney, said in a statement. on time.

One of the most notable cases was that of Miami-born former NFL player Kinberell Armoud Tompkins, who federal authorities say used other people’s identities to obtain multiple rounds of coronavirus-related unemployment insurance benefits.

The former New England Patriots and Oakland Raiders guard pleaded guilty in October 2021 and is expected to be sentenced on January 6. He faces up to 12 years behind bars.

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