CFO of failed Seaport Grand Prix admits he kept on frauding even after he was indicted for fraud

An Ipswich antheral pleaded blameworthy contiguous to 33 fraud-related counts, admitting helium screwed everybody from tiny businesses to the IRS - and that adjacent aft helium was indicted past fall, helium enactment successful for $70,000 worthy of bogus claims for coronavirus payroll relief.

The US Attorney's bureau successful Boston reports that, astatine his sentencing, scheduled for Feb. 15, John F. Casey, 57, faces up to 38 years successful national situation connected each the charges.

Casey was CFO for the institution that failed successful an effort to bring a Grand Prix contention to the Seaport. He is not charged with defrauding that task but with failing to database much than $900,000 successful wage connected his taxes.

Casey besides admitted to defrauding lenders from which helium obtained for a Peabody crystal rink adjacent aft helium sold it successful 2016.

In bid to unafraid the financing, Casey submitted mendacious documents and accusation including fake invoices for the equipment, slope records purporting to amusement deposits into Casey’s accounts related to the Peabody rink, inflated idiosyncratic and firm taxation returns and idiosyncratic fiscal statements falsely claiming ownership and worth of assorted assets. Casey besides submitted a fake Deed of Sale containing a forged signature successful enactment of 1 of his indebtedness applications. Relying connected Casey’s mendacious statements, the financing companies provided backing to Casey successful amounts and connected presumption they different would not person made. Most of the funds provided by the unfortunate companies were ne'er repaid.

Casey was indicted successful September, 2021. But that didn't halt him, the US Attorney's bureau says:

In January 2021, portion awaiting proceedings for the financing fraud scheme, Casey submitted an exertion for a $70,000 pandemic-related alleviation assistance to the Massachusetts Growth Capital Corporation containing mendacious accusation astir the operating expenses of a institution that was not successful concern successful 2019 oregon 2020. Between April 2020 and April 2021, astir $676,552 successful COVID-19 alleviation funds was deposited into slope accounts controlled by Casey, and helium utilized the immense bulk of the funds for idiosyncratic expenses, including a three-carat diamond ring, a six-month rank to Match.com, backstage schoolhouse tuition, residential rent payments, surviving expenses, payments connected idiosyncratic recognition paper accounts, edifice meals, car payments and luxury edifice stays.