ADVERTISEMENT

Leftist founder of Portland BIPOC nonprofit charged with bank fraud after receiving over 273K PPP loans

Federal prosecutors allege that Johnson submitted two fraudulent PPP loan applications to the Small Business Administration in which he inflated Tea Penny’s number of employees and payroll expenses.

ADVERTISEMENT
Image
Ari Hoffman Seattle WA
ADVERTISEMENT
ADVERTISEMENT
The leftist founder and head of a BIPOC Portland charity group is facing federal charges in connection with alleged fraudulent applications for COVID-19 relief funds.
 
According to court documents, Theodore Johnson of Beaverton, founder of the Ten Penny International Housing Foundation, who has also served as the organization’s president, executive director, board chairman, and CEO, was charged with bank fraud after receiving $273,165 in Paycheck Protection Program funds for the nonprofit that provides food, rental assistance, utility aid, and services to BIPOC families and small businesses.



Federal prosecutors allege that Johnson submitted two fraudulent PPP loan applications to the Small Business Administration in which he inflated Tea Penny’s number of employees and payroll expenses.

Johnson applied for a PPP loan in the amount of $143,065 in March of 2021 and on the application, Johnson falsely claimed Ten Penny employed 16 workers and the company’s average monthly payroll was roughly $57,000, according to federal prosecutors.

Additionally, prosecutors allege Johnson submitted bogus 2019 tax forms including using a counterfeit IRS stamp indicating the document had been submitted to the IRS to help corroborate the fraudulent claims.

According to KGW8, the actual 2019 IRS 990-EZ form reported Ten Penny had only six employees.

Johnson followed that up in May 2021 by applying for a second PPP loan for 130,100 and again Johnson again falsely claimed Ten Penny employed 16 workers, according to prosecutors.

Ten Penny received a total of $273,165 in PPP funds, according to the outlet, however, it is unclear how the funds were used.

State records indicate Johnson was removed as Ten Penny’s CEO in August and replaced by Tami Williams.

According to an inspector general report, as of August 2020, the SBA had identified more than 70,000 loans totaling over $4.6 billion in potentially fraudulent PPP loans from the nearly $800 billion in potentially forgivable PPP loans that the US government had issued in 2020 in response to businesses being imperiled by COVID-19 shutdowns.
 
ADVERTISEMENT
ADVERTISEMENT
Untitled_design_-_2022-11-02T225134.248

Join and support independent free thinkers!

We’re independent and can’t be cancelled. The establishment media is increasingly dedicated to divisive cancel culture, corporate wokeism, and political correctness, all while covering up corruption from the corridors of power. The need for fact-based journalism and thoughtful analysis has never been greater. When you support The Post Millennial, you support freedom of the press at a time when it's under direct attack. Join the ranks of independent, free thinkers by supporting us today for as little as $1.

Support The Post Millennial

Remind me next month

To find out what personal data we collect and how we use it, please visit our Privacy Policy

ADVERTISEMENT
ADVERTISEMENT
By signing up you agree to our Terms of Use and Privacy Policy
ADVERTISEMENT
© 2023 The Post Millennial, Privacy Policy