WEST ASHLEY — FBI agents arrested Theodore Jackson on Feb. 11 at a residence on Woodleaf Court in connection with a federal fraud case out of Georgia.
Jackson is named in a federal indictment alleging he fraudulently obtained approximately $1.5 million in COVID-19 relief funds. The money was part of a congressional program created in 2020 to help small businesses stay afloat during pandemic shutdowns.
The funds were distributed through local and national financial institutions under the Payroll Protection Program. Applicants were required to submit documentation such as tax records and banking information to qualify for assistance.
According to court documents, Jackson and another individual allegedly used stolen identities, false information and fabricated documents to secure multiple loans between May 2020 and April 2021.
Jackson made a brief appearance in U.S. District Court in Charleston on Feb. 11 and is expected to be transferred to the Northern District of Georgia to face federal fraud and money laundering charges.
