ST. PETERSBURG — Three drug sellers defrauded the Small Enterprise Administration of about $50,000 by getting loans for companies that don’t exist, St. Petersburg police say.
Russell Jones, 26, was arrested Nov. 8 on fees he obtained a $9,516 mortgage in Might to cowl payroll and enterprise overhead prices for a barbershop, an arrest affidavit stated.
Kenneth Davis Jr., 24, was arrested Nov. 9 for claiming he owned a enterprise in St. Petersburg and receiving a mortgage of $20,832 in April, an arrest affidavit stated. The enterprise is just not described.
Dante Payne, 21, was arrested Tuesday for claiming he owned a landscaping enterprise and receiving a $20,832 mortgage in June, an arrest affidavit stated.
Surveillance by police revealed that not one of the three males have been working a professional enterprise. Their financial institution statements have been inconsistent with what could be anticipated of enterprise house owners and none of them have been with the St. Petersburg Enterprise Tax Workplace or the Florida Division of Firms.
In Payne’s case, police decided he had no landscaping tools.
The trio was “closely concerned” within the drug commerce and are members of the Childs Park gang, police stated. All three males remained within the Pinellas County Jail on Thursday.
Their arrests have been part of a bigger drug trafficking investigation by St. Petersburg police, spokesperson Yolanda Fernandez stated. The investigation nonetheless is underway and a complete of 30 arrests have been made to this point.
“We nonetheless have a number of extra on our listing, so the quantity modifications each day as they’re picked up on warrants,” Fernandez stated in an e mail.
Chief Anthony Holloway held a press convention Nov. 5 to announce the primary 21 arrests within the operation. He stated then that police had seized 100 kilos of marijuana, eight kilos of cocaine, a half-pound of fentanyl, seven weapons, $73,000 in money and $150,000 in jewellery.
The investigation has been lively for 9 months, Holloway stated, and all concerned have operated out of the Childs Park neighborhood.