Date: January 28, 2021 Contact: firstname.lastname@example.org Alexandria, VA — A Leesburg man pleaded guilty today to fraudulently obtaining two loans for over $2.5 million under the Paycheck Protection Program ("PPP"), announced Kelly R. Jackson, Special Agent in Charge, Washington, D.C. Field Office, IRS-Criminal Investigation. According to court documents, Didier K. Kindambu fraudulently obtained two PPP loans under a program instituted by the U.S. Congress to help businesses affected by the coronavirus pandemic continue to pay salary or wages to their employees. Kindambu carried out the scheme in connection with two businesses that he owns by creating fraudulent payroll documentation for each business, and then submitting that documentation in support of the PPP loan applications. The fraudulent documentation represented that Kindambu's businesses had dozens of employees with millions of dollars in payroll expenses, when in fact they had few, if any, employees. In total, Kindambu fraudulently obtained approximately $2,501,753 in loan proceeds, and he then spent those funds, in part, on items unrelated to any legitimate PPP-related expense. Those items included a Lexus automobile and Cessna aircraft; Kindambu's personal taxes, the down-payment on a luxury residence in Leesburg, and his day-to-day living expenses; and various purchases of jewelry, clothing, accessories, and shoes. Kindambu pleaded guilty to bank fraud and is scheduled to be sentenced on August 4, 2021. He faces a maximum penalty of 30 years in prison. Actual sentences for federal crimes are typically less than the maximum penalties. A federal district court judge will determine any sentence after taking into account the U.S. Sentencing Guidelines and other statutory factors. Assistant U.S. Attorney Matthew Burke is prosecuting the case.