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U.S. DEPARTMENT OF JUSTICE A1 FINANCIAL CRIME HIGH RISK Published 29 Sep 2026 at 12:00 UTC, affecting US

DOJ: Guilty Plea by Air Force Reservist for PPP Loan Fraud is Another Win for National Fraud Enforcement Division

Ray Anthony Pearson II pleaded guilty to wire fraud involving Paycheck Protection Program (PPP) loan funds as part of a federal fraud enforcement initiative.

Prepared automatically by complead Research from U.S. Department of Justice, published 29 Sep 2026.

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What happened

Ray Anthony Pearson II pleaded guilty to wire fraud involving Paycheck Protection Program (PPP) loan funds as part of a federal fraud enforcement initiative.

Named in this item

1 entity
STATUS NAME ISO PROGRAM IDENTIFIER
Ray Anthony Pearson II
Person, accused
Screen this name US Paycheck Protection Program (PPP) —

What compliance teams should check

  • Review PPP loan-related transactions for fraud
  • Update monitoring for SBA loan misuse
  • Assess exposure to individuals involved in PPP fraud
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FROM THE NOTICE Pensacola, Florida – Ray Anthony Pearson II, 32, of Navarre, Florida, pleaded guilty in federal court to one count of wire fraud involving Small Business Administration (SBA) Paycheck Protection Program (PPP) loan funds. This prosecution was part of the Task Force to Eliminate Fraud launched by President Donald J. Trump, a whole-of-government effort to eliminate fraud, waste, and abuse within Federal benefit programs. The plea was announced by John P. Heekin, United States Attorney for the Northern District of Florida. U.S. Department of Justice, 29 Sep 2026, 12:00 UTC, justice.gov

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