Roofer’s News: Owner of Target Roofing in Jail for misuse of $2MM PPP loan
A federal jury convicted Casey David Crowther, 35, of Fort Myers, in a PPP loan fraud case where authorities alleged the roofing company executive bought a $700,000 boat, among other expenditures, with the ill-gotten gains.
The president of Fort Myers-based Target Roofing & Sheet Metal, Crowther was convicted of bank fraud, making a false statement to a lending institution and two counts of money laundering. Prior to that trial and March 26 conviction, Crowther plead guilty to one count of bank fraud and one count of making a false statement to a financial institution related to a mortgage fraud scheme. In that case, according to a statement from the U.S. Attorney’s office, Crowther created false bank statements to justify a loan he had used to purchase a nearly $1.3 million waterfront house in St. James City, on Pine Island in Lee County.
In the PPP loan case, Crowther, according to evidence presented at trial, obtained a $2.1 million Paycheck Protection Program loan by falsely stating he intended to use the money to make payroll and pay for rent and utilities for Target Roofing and Sheet Metal. Yet Crowther, authorities contended at trial, “intended to use the money to enrich himself and, once the loan was obtained, quickly used the proceeds to make a series of personal purchases including a nearly $700,000 boat and a $100,000 payment to a former business partner,” according to the statement.
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Time to Get a New Roof
Unfortunately winter is coming again all too soon. Is your house ready for winter? Are all your projects done? Probably not, but one area of concern is the roof for the cold, wet days ahead.
The leaves are changing color, the days are getting shorter, and the nights are getting cooler. Do we need any more proof that fall is here, and winter is just around the corner? Well, denial is not going to help any of us, and so it’s time to make sure our homes and cars are winter ready!
If you live in the Mid-Atlantic and Northeastern portion of the United States, you know each winter season brings harsh and potentially damaging snowfalls, ice storms and freezing rain. Extreme winter weather can shut down your community and leave you without power or access to roads. Another damaging but often overlooked result of extreme winter weather is gutter damage from heavy snowfalls and ice dams.
Are you looking for an updated alternative for your roof? Metal roofing for homes is the ultimate answer. It is not merely fashionable and up to date, but the prices of metal roofing have lowered considerably… making it an even more appealing choice.
Whether you roof is leaking, missing a few shingles or simply needs to be replaced, it’s essential that you do your research before choosing a roofing repair contractor to do the job. The roofing industry is filled with companies promising to fix your roof for cheap, but an inexpensive roof is often a poor-quality roof.