Miami Developer Eric Sheppard Busted For PPP Loan Fraud
<p>Federal prosecutors have indicted mega-millionaire Miami Eric Sheppard developer. They claim Sheppard stole nearly $900,000 from the U.S. government’s Paycheck Protection Program (PPP). Sheppard owns <a href="http://https//therealdeal.com/miami/issues_articles/will-sales-be-fit-at-canyon-ranch-MonJun0915372904002008/" rel="noopener ugc nofollow" target="_blank">WSG Development</a>.</p>
<p>Eric Sheppard is facing one felony count of wire fraud. Prosecutors allege he submitted “fraudulent” applications to obtain Covid-19 assistance loans for six companies. The four companies had locations in six states. Three of which are located in south Florida.</p>
<p>Sheppard’s <a href="https://www.linkedin.com/in/eric-sheppard-513bb730" rel="noopener ugc nofollow" target="_blank">LinkedIn profile</a> says he is still doing business. LinkedIn also states his company is involved in the acquisition and development of commercial and residential projects in 13 states.</p>
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