Tampa, Florida — Yan Daniel Inclan Hernandez, 32, of Orlando, has been indicted on one count of making a false statement to a financial institution and three counts of wire fraud. If convicted on all charges, Hernandez faces up to 30 years in federal prison for each count. The indictment also states that the United States is seeking forfeiture of $157,500, which prosecutors allege represents proceeds from the charged conduct. United States Attorney Gregory W. Kehoe announced the charges.
According to the indictment, Hernandez submitted a mortgage loan application to a financial institution in September 2021 that falsely claimed he earned $12,350 per month. Prosecutors allege that the false income statement influenced the lender’s decision to approve and fund a $411,350 mortgage loan, which Hernandez used to purchase a property in Orlando.
The indictment also alleges that, between May 2020 and August 2021, Hernandez carried out a wire fraud scheme involving COVID-19 relief funds. Prosecutors claim he fraudulently obtained Paycheck Protection Program loans for himself and an Economic Injury Disaster Loan for his company from the U.S. Small Business Administration.
According to prosecutors, the loan applications overstated gross monthly payroll, gross monthly income, gross annual revenue, and the number of employees. Those alleged misrepresentations caused the SBA and PPP lenders to approve and fund loans that Hernandez was not entitled to receive.
An indictment is only a formal accusation. Hernandez is presumed innocent unless and until proven guilty in court.
The case was investigated by the Federal Housing Finance Agency Office of Inspector General, the U.S. Department of Housing and Urban Development Office of Inspector General, the Federal Bureau of Investigation, and the U.S. Small Business Administration Office of Inspector General. Special Assistant United States Attorney Chris Poor is prosecuting the case.
On April 7, the Department of Justice announced the creation of the National Fraud Enforcement Division. The division’s mission is to investigate and prosecute fraud involving taxpayer funds. The Department’s anti-fraud efforts support President Trump’s Task Force to Eliminate Fraud, a government-wide initiative chaired by Vice President J.D. Vance that is focused on reducing fraud, waste, and abuse in federal benefit programs.