PROVIDENCE, R.I. (WPRI) — A Massachusetts man who faked suicide to avoid prosecution for fraudulently seeking hundreds of thousands of dollars in coronavirus pandemic relief loans has been sentenced to nearly five years in prison, federal prosecutors announced Thursday.
David Adler Staveley, 54, of Andover, and his accomplice were the first two people in the country accused of fraudulently seeking Paycheck Protection Program loans when they were first charged in May 2020, according to federal prosecutors.
Prosecutors said Staveley and David Andrew Butziger, 53, of Warwick, filed fraudulent loan applications on behalf of four local businesses, ultimately requesting nearly $550,000 in financial assistance.
Neither Staveley nor Butziger have stake in any of the four businesses, one of which prosecutors said didn’t even have any employees.
Following his initial court appearance, prosecutors said Staveley faked his own death to avoid prison time. Staveley then fled the area and remained on the run until he was arrested in Georgia in July 2020.
Staveley has been sentenced to serve 56 months behind bars, followed by three years of supervised release.
Butziger is scheduled to be sentenced on Nov. 1.