In July of last year, we reported on a local doctor charged by federal authorities with fraud for allegedly fraudulently seeking more than $3 million in pandemic-relief loans. Today, the Department of Justice announced that a federal jury found Dr. Eric Shibley guilty. From the announcement:
According to court documents and evidence presented at trial, Eric R. Shibley, 42, of Seattle, submitted several fraudulent PPP and EIDL loan applications to federally insured financial institutions, other Small Business Administration (SBA)-approved lenders, and the SBA, in the names of businesses with no actual operations or by otherwise misrepresenting the business’s eligibility. In the applications, Shibley falsified the number of employees and payroll expenses and concealed his own criminal history. To support the fraudulent applications, Shibley submitted fake tax documents and the names of purported employees who did not, in fact, work for the businesses for which Shibley claimed they worked. Shibley received over $2.8 million in COVID-19 relief funds as a result of the fraud.
Shibley was convicted of multiple counts of wire fraud, multiple counts of bank fraud, and money laundering. He is scheduled to be sentenced on Feb. 22, 2022, and faces 20 years for each count of wire fraud, 30 years for each count of bank fraud, and 10 years for money laundering. A federal district court judge will determine any sentence after considering the U.S. Sentencing Guidelines and other statutory factors.
According to the online inmate roster, Shibley is in custody at the Federal Detention Center in SeaTac. The announcement says the feds have “prosecuted over 150 defendants in more than 95 criminal cases and has seized over $75 million in cash proceeds derived from fraudulently obtained PPP funds, as well as numerous real estate properties and luxury items purchased with such proceeds.” They accept tips online here.
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