FL High School Coach Accused of Scamming Nearly $1 Million in PPP Loans

SHADY

Tori B. Powell

Cheat Sheet, Breaking News Intern

Published Nov. 14, 2020 5:17PM EST

Ina Fassbender/AFP via Getty Images

A Fort Lauderdale high school basketball coach has been charged with money laundering and bank fraud after he allegedly submitted nearly $1 million in federal Paycheck Protection Program claims. Terrence Williams, the championship-winning coach at Stranahan High School, claimed that his company, Williams Consulting Group LLC, employed 67 workers and reported a monthly average payroll of $393,884. However, officials said that Williams did not have employees registered with Florida, and accused him of laundering the $984,710 loan through multiple bank accounts. The coach attended his first court appearance on Friday.

Read it at The South Florida Sun-Sentinel

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FL High School Coach Accused of Scamming Nearly $1 Million in PPP Loans

Tori B. Powell

Ina Fassbender/AFP via Getty Images