United States of America v. Darren Carlyle Sadler

Chicago, Illinois, criminal defense lawyers represented the Defendant charged with fraud, in violation of 18 U.S.C. 1343.\

Darren Carlyle Sadler, age 40, of Sacramento, California, participated in a scheme to fraudulently obtain loans pursuant to the Paycheck Protection Program (“PPP”), which was created by the CARES Act to provide financial relief for small businesses during the Covid-19 pandemic. In 2020, Sadler submitted and caused the submission of at least 63 PPP loan applications for himself and his clients. The applications falsely represented, among other things, the number of employees and the average monthly payroll of the purported businesses. The false applications resulted in the issuance of more than $14 million in loans to Sadler and his clients, including $1.3 million in loans for Sadler himself. Sadler also received more than $1.9 million in fees from clients for fraudulently obtaining the loans on their behalf.

Sadler used the fraud proceeds to rent a villa for several months during the pandemic and to travel across the country on private jets to meet clients at bank branches to secure fund transfers. He also purchased luxury vehicles, including a Rolls Royce, multiple Mercedes-Benzes, and a Land Rover.

The Defendant: pleaded guilty to count(s) 1 of the Information. The defendant is hereby committed to the custody of the Federal Bureau of Prisons to be imprisoned for a total term of: 42 months as to count 1. The defendant shall surrender for service of sentence at the institution designated by the Bureau of Prisons: before 2:00 pm on 1/11/2027. Upon release from imprisonment, you shall be on supervised release for a term of: two (2) years. Criminal Monetary Penalties. Schedule of Payments. Forfeiture Money Judgment Order.