LaDonna Wiggins, a 37-year-old woman from Houston, was recently indicted for bank fraud, making a false statement to a bank, and money laundering in an alleged Paycheck Protection Program (PPP) loan scam. If convicted, Wiggins faces up to 30 years in federal prison and a possible $1 million maximum fine.
According to a statement issued by the Justice Department on Tuesday (March 2), Wiggins received more than $3.6 million from the CARES Act. She then allegedly used the money to purchase two homes totaling $725,000, $78,000 for a 2020 Land Rover, and a $63,000 purchase at Chanel. Other purchases include $46,000 at Neiman Marcus and $14,000 at Apple.
A statement issued by Wiggins’ attorney reads, “We are very disappointed to learn that the government has decided to pursue criminal charges against our client, LaDonna Wiggins, after our repeated requests to sit down and discuss this matter with them. Ms. Wiggins is innocent of the charges brought against her in a nine-count indictment, as well as any and all allegations of wrongdoing which the government has lodged against her. Contrary to their allegations, Ms. Wiggins is a highly successful, young, African American businesswoman who has cultivated several thriving local businesses and is an upstanding member of and an asset to the Houston community.”