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Williston, FL man to be sentenced in January 2023 for defrauding government
News  |  Sat - September 17, 2022 5:23 pm  |  Article Hits:396  |  A+ | a-
Photo of Walsh from the Air Sign, Inc. website, where he is listed as President/CEO.
Photo of Walsh from the Air Sign, Inc. website, where he is listed as President/CEO.
Gainesville, Florida - In late August 2022, 41 year-old Patrick P. Walsh of Williston, Florida, pleaded guilty to one count of wire fraud and one count of money laundering at the federal courthouse in Gainesville. Walsh will remain free from incarceration until his sentencing in late January.

Walsh is accused of defrauding the federal government of $7.8 million of the $14.7 million he requested through two federal loan initiatives, the Paycheck Protection Program and Economic Injury Disaster Loan Program, intended to help business owners pay employees, rather than laying them off, during the economic crisis caued by the Covid pandemic.

Walsh is accused of filing fraudulent loan aplications with several banks and the Small Business Administration for numerous businesses by overstating his number of employees, average payroll expenses and gross revenue, and also submitting falsified IRS forms that had never been submitted to the IRS.. 

With some of the money obtained from the government, Walsh allegedly purchased a two-acre island (Sweetheart Island) in the Gulf of Mexico off the coast of Yankeetown, Florida, placed a down payment on a ski lodge in Jackson Hole, Wyoming, and paid off the 78-acre farm where he lives.
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