Florida businessman accused of using COVID relief funds to buy $689k boat


FT. MYERS, Fla. (WFLA) — A Florida business owner spent almost half of his $2 million COVID-19 relief funds on a brand new boat, according to a release by the Department of Justice Wednesday.

According to the Department of Justice and US Attorney Maria Lopez, Fort Myers resident Casey Crowther, 35, sought and received more than $2 million in a Payroll Protection Program loan from the government on behalf of his company, Target Roofing & Sheet Metal, Inc.

According to the complaint, the loan application included false statements about what the PPP funds would be used for; i.e. retain workers, maintain payroll, make mortgage payments, etc.

Additionally, within just days of receiving the PP funds, the complaint says Crowther bought a 2020 40-foot catamaran boat for about $689,417.

PPP funding is one source of relief provided by the Coronavirus Aid, Relief and Economic Security (CARES) Act enacted on March 29. The act authorized up to $349 billion in forgivable loans to small businesses for job retention and certain other expenses through the PPP. Congress approved an additional $300 billion toward PPP in April.

The case is being investigated by the United States Secret Service.


Copyright 2021 Nexstar Media Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

April 24 2021 08:00 am

Coronavirus Need-to-Know Info

More Coronavirus

Trending Stories

get the app

News App

Weather App

Don't Miss

More Don't Miss