A Wilmington man has been sentenced to 80 months in federal prison for orchestrating a fraud scheme that led to the issuance of more than $9.1 million in disaster-relief loans to over 60 businesses nationwide. The loans, provided under the Paycheck Protection Program (PPP), were never repaid.
Court documents show that Jady Solano, 43, worked as a tax preparer in Wilmington and used his expertise to submit fraudulent PPP loan applications on behalf of shell companies with no real operations or employees. Solano falsely reported that these companies had significant payrolls—sometimes exceeding $1 million annually—and created fake tax forms and bank statements to support the applications.
In total, Solano was responsible for preparing 62 fraudulent loan applications, resulting in over $9.1 million in wrongful disbursements. He personally received nearly $1.4 million from the scheme, which he is required to repay according to a restitution order by the U.S. District Court.
Seven other individuals have been charged as part of Solano’s scheme across two separate cases. Among them, Shatoya Moss pleaded guilty and was sentenced to 18 months in prison along with an order for restitution of $578,133.09. Carl Lawrence has also entered a guilty plea pending review by a U.S. District Judge, while Brigitte Miller-Levy, Amber Baldwin, Marvin Edwards, Anthony McKinzy, and Devlon Porter have been indicted but not yet adjudicated.
Julianne Murray, U.S. Attorney for the District of Delaware said: “The American taxpayers work hard for their money. And we will work hard to ensure that, when taxpayer money is misused—through waste, fraud, or abuse—the wrongdoers are brought to justice. Jady Solano led a nationwide scheme to steal more than $9 million from the federal government. And the funds he stole were meant for an especially important purpose: helping American workers keep their jobs during a deadly pandemic. Solano’s egregious misconduct warranted the substantial prison sentence the Court handed down today. We hope that sentence sends a message to other potential white-collar criminals: in this District, financial crimes simply will not pay. We thank our law enforcement partners at IRS-CI and the FBI for their tireless and terrific work on this important case.”
Yury Kruty, Special Agent in Charge at IRS-Criminal Investigation Philadelphia Field Office stated: “Today’s sentencing of Jady Solano again emphasizes that the Internal Revenue Service-Criminal Investigation will continue their aggressive pursuit of those who use fraudulent methods in an attempt to corrupt our nation’s tax system.”
FBI Baltimore Special Agent in Charge William J. DelBagno added: “62 times – over and over and over again – Solano fabricated, embellished and lied to steal millions from the government and ultimately, every taxpaying citizen. Now he will pay for each of those lies with this lengthy sentence,” adding that “The FBI will continue to partner with our fellow agencies to identify and unravel these fraud schemes and bring criminals to justice.”
First Assistant U.S. Attorney Benjamin L. Wallace prosecuted the case with investigative efforts from agents at both IRS Criminal Investigation and FBI Baltimore Field Office’s Wilmington Resident Agency.
Additional information about this case can be found on the website of the U.S. Attorney’s Office for the District of Delaware. Related court documents are available through PACER by searching Case Nos. 24-cr-91 and 24-cr-109.
For defendants who have been indicted but not found guilty or pleaded guilty—including Brigitte Miller-Levy, Amber Baldwin, Marvin Edwards, Anthony McKinzy, and Devlon Porter—their involvement remains an allegation unless proven beyond reasonable doubt.
