A Stoughton man was arrested and charged in connection with allegedly filing a fraudulent loan application in order to obtain over $400,000 in Paycheck Protection Program (PPP) loan funds. Adley Bernadin, 44, was charged with one count of wire fraud. According to the criminal complaint, in May 2020, Bernadin submitted a fraudulent application on behalf of a purported home healthcare company for a PPP loan of over $400,000. It is alleged that in the application, which he submitted through a Small Business Administration approved lender, Bernadin misrepresented information about the purported home healthcare company’s employees and payroll expenses and falsified a tax form in an effort to qualify the business for the PPP loan. For example, Bernadin allegedly reported that the purported home healthcare business had a monthly payroll of $175,200, however, records do not support this representation. After receiving the PPP funds, Bernadin allegedly used the money to make home mortgage payments and to write checks to individuals with whom he is believed to have a personal relationship.
