The Florida couple bought $3.4 million worth of boats and businesses as part of the COVID relief scheme, officials said.

FORT MYERS, Florida ( — A Florida couple has been charged in connection with a $3.4 million COVID-19 relief fraud scheme, according to the U.S. Department of Justice.

Timothy Craig Jolloff, 46, and his wife Lisa Ann Jolloff, 56, both from Fort Myers, allegedly filed fake applications for a Disaster Loan and a Paycheck Protection Program loan, according to the Justice Department.

According to a press release, the Jolloffs falsely stated that they would use the money to retain employees and allegedly lied about the number of employees and wages for the business.

The Jolloffs reportedly used $3.4 million of fraudulently obtained loans to buy approximately $300,000 worth of pontoon boats, real estate in Fort Myers and Angola, Indiana, home furniture, summer kitchens, a 2019 GMC truck, 2020 Polaris UTV, jewelry and two cars. dogs, according to the Department of Justice.

The couple also acquired a landscaping business in Sarasota and a furniture business in Indiana, according to the Justice Department. Neither business was linked to the business the couple used to obtain the fraudulent loans.

The couple will be asked to confiscate a GMC truck and about $3.4 million reportedly linked to fraudulent loans.

According to the Justice Department, the couple were charged with wire fraud, money laundering conspiracy and illegal money transactions, as well as an additional charge of bank fraud for Timothy Jolloff.

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