Business ProfileforWilliams Consulting Group LLC

The following describes a pending government action that has been formally brought by a government agency but has not yet been resolved. We are providing a summary of the government's allegations, which have not yet been proven.

On November 13, 2020; in the U.S, District Court for the Southern District of Florida:, case # 20-mj-6580:

Local Basketball Coach Charged in Federal Court with Defrauding Covid-19 Relief Program out of Almost $1 Million

Miami, Fl. -- A Florida man, recently named one of Florida's high school basketball coaches of the year, was arrested and charged with fraudulently obtaining $984,710 in a Paycheck Protection Program (PPP) loan.

U.S. Attorney Ariana Fajardo Orshan of the Southern District of Florida, Special Agent in Charge Kyle A. Myles of the Federal Deposit Insurance Corporation (FDIC) Office of Inspector General (OIG), and Special Agent in Charge George L. Piro of the Federal Bureau of Investigation (FBI) made the announcement.

Terrence Deshun Williams, 40, of Tamarac, Florida, was charged by criminal complaint in the Southern District of Florida with one count of bank fraud, one count of money laundering, one count of engaging in transactions in unlawful proceeds, and one count of making false statements to a financial institution.

The complaint alleges that Williams, the head coach of the boys' varsity basketball team at a Fort Lauderdale high school, applied for and received $984,710 in a PPP loan from an insured financial institution on behalf of Williams Consulting Group LLC, a company Williams owned. The complaint alleges that although Williams claimed the company had 67 employees and an average monthly payroll of $393,884.00, the company in fact paid no such payroll and did not have any recorded employees with the State of Florida. The complaint alleges that after receiving the loan proceeds, instead of using the money for an approved purpose, Williams laundered the vast majority by transferring the proceeds to several accounts he controlled at a different financial institution. The complaint also alleges that Williams received into his company's bank account Florida Unemployment Insurance benefits.

Williams is scheduled for an initial appearance today at 11:00 a.m. before U.S. Magistrate Judge Lurana Snow, who sits in Ft. Lauderdale.

A criminal complaint is merely an allegation and all defendants are presumed innocent until proven guilty beyond a reasonable doubt in a court of law.

For More Information:
U.S. Attorney's Office
500 E. Broward Blvd.
Ft. Lauderdale, Fl. 33394

Ft. Lauderdale Main Phone: (954) 356-7255
Ft. Lauderdale Fax Line: (954) 356-7336

Link: https://www.justice.gov/usao-sdfl/pr/local-basketball-coach-charged-federal-court-defrauding-covid-19-relief-program-out