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 WSG Development.
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.
Sheppard’s LinkedIn profile 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.