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Man uses federal PPP money to buy $700K boat

Casey Crowther received $2 million of PPP money
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Posted at 2:22 PM, Sep 07, 2020
and last updated 2020-09-07 16:22:20-04

FORT MYERS, Fla. — A Florida man was busted for using federal Paycheck Protection Program money to buy himself a $700,000 boat.

Casey Crowther, 35, originally received more than $2 million from the program created to help businesses remain open during the coronavirus pandemic, WINK reports.

But instead of assisting his company, Target Roofing and Sheet Metal, Crowder ordered a 40-foot 2020 Invincible catamaran from a Sarasota company.

Authorities seized the boat after learning how Crowder paid for the vessel.

After being charged with making a false statement to a lending institution, Crowder now faces up to 30 years in prison if convicted. He is now free on $100,000 bond.