Shelton and Stratford men plead guilty in $2.6 million PPP loan fraud
Robert Cocca and Kurt R. Zimmerman admitted to inflating payroll and income figures to obtain pandemic relief loans, prosecutors said. The pleas were announced as part of a nationwide fraud enforcement push.
Two Connecticut men have pleaded guilty to defrauding the federal Paycheck Protection Program of more than $2.6 million, the U.S. attorney's office for the District of Connecticut said Wednesday.
Robert Cocca, 37, of Shelton, and Kurt R. Zimmerman, 45, of Stratford, each gave up their right to be indicted and pleaded guilty in Hartford federal court to one count of wire fraud and one count of making a monetary transaction in property derived from unlawful activity, prosecutors said.
According to court documents cited by the U.S. attorney's office, Cocca claimed an ownership interest in or a representative role with The Candleman LLC, Complete Property Management LLC, Durakote Finishing Systems LLC and other companies. Between March 2020 and April 2021, prosecutors said, he filed loan applications that overstated his companies' yearly gross income and the number of people they employed, backed by false IRS filings and other fabricated paperwork, and collected $1,813,374.77. He pleaded guilty July 1 and is scheduled to be sentenced Nov. 12. He is free on a $50,000 bond.
Zimmerman claimed ties to KRZ Remodeling LLC and Valiant Candle Company LLC and used similar false income, payroll and tax figures between June 2020 and March 2023 to obtain $867,907, prosecutors said. He pleaded guilty Aug. 6 and is to be sentenced Jan. 5, 2027. He is also free on a $50,000 bond.
The pleas were announced alongside a national enforcement push that ran from June 12 to Sept. 1 and involved more than 160 defendants, including about 80 newly charged, and about $245 million in intended losses, the Justice Department said. Those newly filed charges are allegations, and the defendants in them are presumed innocent.
This brief was drafted by AI from a public agency press release and published by The New England Signal. Why we use AI for stories like this one.