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Case Number: 4:20-cr-00100-CVE
Judge: Claire V. Egan
Court: United States District Court for the North District of Oklahoma (Tulsa County)
Plaintiff's Attorney: Northern District of Oklahoma United States Attorney’s Office
Description: Tulsa, Oklahoma criminal defense lawyer represented Defendant charged with fraudulently applied for Paycheck Protection Program forgivable loans guaranteed by the Small Business Administration under the Coronavirus Aid, Relief, and Economic Security (CARES) Act was sentenced today in federal court.
Ibanga Etuk, age 41, admitted that from April 6, 2020, to April 29, 2020, he knowingly applied for a Paycheck Protection Program loan from Frontier State Bank under false pretenses. The defendant lied about the number of people employed during the previous months of purported operations, the payroll expenditures during the previous months, taxes paid during previous months of operation, ownership of the business, and relationships between the parties in a $300,000 loan application submitted for AboveAll Business Inc.
During the same time, Etuk unlawfully used another individual’s identity on payroll records submitted to Frontier State Bank when he applied for the $300,000 loan.
Etuk’s wife, Teosha Etuk, also fraudulently applied for Paycheck Protection Program loans. She pleaded guilty to one count of bank fraud on April 6, 2021. She was sentenced on July 19, 2021, to one year and a day in federal prison followed by five years of supervised release. She was further ordered to pay restitution in the amount of $150,000 to First Liberty Bank.
In a plea agreement, Teosha Etuk, 33, admitted that from April 14, 2020, to April 29, 2020, she fraudulently applied for a Paycheck Protection Program loan through First Liberty Bank. Specifically, she lied about the number of people employed during the previous months of purported operations, the payroll expenditures during the previous months, taxes paid during previous months of operation, ownership of the businesses and relationships between the conspirators in a loan application for $150,000 for the company TMARK Enterprises, Inc.
The Board of Governors of the Federal Reserve System and Bureau of Consumer Financial Protection Office of Inspector General; Small Business Administration Office of Inspector General; and FBI conducted the investigation. Assistant U.S. Attorneys Kristin Harrington and Victor A.S. Régal are prosecuting the case.
Outcome: Defendant was sentenced to four years in federal prison— two years for bank fraud and two years for aggravated identity theft. Judge Eagan also ordered Etuk to pay $168,000 in restitution to Chickasaw Community Bank.