Fort Lauderdale man who flaunted Lamborghini, designer clothes, arrested for PPP scams

Valesky Barosy’s public life – or at least the life he claimed to lead on social media – was defined by the extravagance of silk stockings: a new Lamborghini Huracán EVO, designer clothes from Chanel, Gucci and Louis Vuitton, and wristwatches made by Rolex and Hublot.

The 27-year-old Fort Lauderdale “entrepreneur” built his wealth through his work as an executive for a Michigan-based credit score repair and financial education firm, Financial Education Services Inc. And by all accounts, that career was booming. In January 2020, syndicated business news service AccessWire even named Barosy one of the “top 10 leaders to watch closely in 2020,” noting that the young professional’s success as a Haitian immigrant and the organization’s youngest executive vice president is expected to “make more than $6 million in Sales and Beyond” and calling it the embodiment of the “American Dream”.

Good.

According to a recent federal indictment, authorities were watching Barosy closely and charged the once up-and-coming businessman – now president of V Barosy Solutions – with a host of financial crimes including wire fraud, money laundering and identity theft. If found guilty, he faces up to 132 years in prison.

In March 2020, as businesses across the United States began to close following the COVID-19 lockdowns, Barosy and anonymous associates allegedly submitted a handful of fraudulent loan applications – falsifying company expenses, net income and various IRS tax forms – to claim over $4.2 million from the federal government’s Paycheck Protection Program (PPP). Court documents say they were ultimately awarded $2.1 million.

The CARES Act (Coronavirus Aid, Relief, and Economic Security Act) went into effect on March 29, 2020, and was intended to provide emergency financial assistance to struggling U.S. businesses to cover payroll and other emergency-related expenses. business in the form of a $349 billion forgivable loan. package. Congress approved another $300 billion the following month.

The money was set aside for businesses suffocated under the weight of the financial crisis caused by lockdowns that threatened to decimate global economies. But if the allegations in the federal indictment are true, Barosy considered those emergency funds his own to take.

The Fort Lauderdale resident was apparently the kind of person who liked to remind us of his wealth. In photos shared on his Instagram, Barosy showed off his watches worth tens of thousands of dollars and sported top designer brands like Chanel and Gucci, according to the indictment. The investigation was led by the US Secret Service, which operates a field office in Miami.

In total, Barosy, who first appeared in federal court in Miami on December 29, is charged with five counts of wire fraud, three counts of money laundering and one count of impersonation. aggravated. Court records show Barosy did not appear for his arraignment on Monday, citing “quarantine”. He is being held at the Joseph V. Conte Facility in Pompano Beach.

new times attempted to reach Barosy’s attorney, Omar Antonio Lopez, by phone and email Monday, but got no response.

As brazen as these allegations are, Barosy is far from the first person to try to pull a quick one on the feds under the alleged guise of asking for COVID financial relief.

South Florida remains one of the most active regions in the nation in investigating and prosecuting COVID-related fraud cases. In March 2021, for example, the U.S. Attorney’s Office for the Southern District of Florida announced that it was pursuing 18 different cases of alleged COVID relief scam. In May, the bureau announced the formation of the COVID-19 Fraud Prevention Task Force, an initiative to bolster pandemic-related fraud prevention efforts.

“Our work has just begun, and we will continue to work with our partners to hold accountable those who try to cheat South Floridians out of much-needed relief money,” said Ariana Fajardo Orshan, the U.S. attorney. of the district. a statement at the time.

One of the most notable cases is that of former NFL player and Miami native Kenbrell Armod Thompkins, who federal authorities say used other people’s identities in order to offset multiple rounds of unemployment insurance benefits related to COVID.

The former New England Patriots and Oakland Raiders wide receiver pleaded guilty in October 2021 and is expected to be sentenced Jan. 6. He faces up to 12 years behind bars.

Elizabeth J. Harless