Texas man accused of using majority of $ 3.3 million COVID-19 relief loan for private jet and luxury vehicles


SAN ANTONIO –A Texas man was arrested this week for allegedly fraudulently obtaining a $ 3.3 million paycheck protection program loan and using the majority of it for a private jet and luxury items.

Scott Jackson Davis, 46, of Harris County, has been charged with wire fraud, bank fraud and money laundering, the Justice Department said in a press release on Tuesday.

Federal officials said Davis lied about three applications for PPP loans, which are intended to help small businesses under the Coronavirus Aid, Relief, and Economic Security Act.

He claimed to represent three companies called Skilled Trade Investments LP (STILP), Skilled Trade Staffing LLC (STS) and Skilled Trade Investments Group LLC (STIGP).

“Davis said these companies had many employees and a large payroll, when in fact, they had few or no employees and little or no payroll,” the statement said.

In the request, he also said he had not been convicted of a felony in the past five years, but pleaded guilty to wire fraud charges in April 2017, authorities said.

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He ended up receiving more than $ 3.3 million in PPP loans, and he spent much of it on a private jet, real estate and luxury cars, the statement said.

KPRC, KSAT’s sister station in Houston, said those purchases included a 2020 Cadillac Escalade, a 2021 GMC Sierra, a 5.58-carat diamond purchased for around $ 30,000 and a 2.6-carat diamond purchased for around 6 $ 500.

If convicted, Davis could face 30 years in prison for each count of bank fraud, 20 years in prison for each count of wire fraud and 10 years in prison for each count of money laundering.

Also read: Texas man sentenced to 9 years in prison after using PPP loans to buy Lamborghini and visit strip clubs

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