Seven family members from the Dallas area have pleaded guilty to participating in a fraud scheme involving the Paycheck Protection Program (PPP), a federal initiative designed to provide emergency financial assistance to small businesses during the COVID-19 pandemic. U.S. Attorney for the Northern District of Texas Nancy E. Larson announced the pleas.
The defendants were indicted in December 2023 on charges of conspiracy and wire fraud related to the forgivable federal loans. According to plea documents, the PPP loan applications submitted falsely claimed that each family member was a sole proprietor with a monthly payroll of approximately $8,000. Purported tax documents filed in support of these applications provided additional false details, including the type of businesses and annual net profits. The PPP loans were subsequently approved and deposited into the family members’ personal bank accounts. In their plea agreements, each individual admitted to receiving federal funds issued to non-existent businesses.
Six of the defendants pleaded guilty to conspiring to commit wire fraud on Wednesday, June 18:
- Lori Jackson, 63
- Saidrick Jackson, 61
- Saidrick Jackson II, 36
- Saundria Jackson, 36
- D’Andria Todd, 46
- Bianca Williams, 33
On Tuesday, June 24th, the seventh charged individual, Valencia Williams, 53, also pleaded guilty to the conspiracy. Each defendant faces a potential sentence of up to five years in federal prison. Their sentencing dates have not yet been scheduled.
The investigation into this scheme was conducted by the Environmental Protection Agency – Office of the Inspector General. Assistant U.S. Attorneys Sarah Douglas and Marty Basu are prosecuting the case.
