Investigations

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October 12, 2022

Illinois Individual Indicted for Tax Evasion, PPP Loan Fraud, and Aviation Leasing Fraud Scheme

On October 12, 2022, Joseph J. Cipolla, Jr. was indicted by a grand jury in the Northern District of Illinois for tax evasion; mail, wire, and bank fraud; and odometer tampering.
 
Cipolla was affiliated with multiple businesses, including Six North Aviation and Dupage Aviation. Through these businesses, Cipolla purchased and resold motor vehicles and aircraft, brokered the sale of an airplane, and engaged in dry leasing of an aircraft. According to the indictment, from around October 2015 to May 2021, Cipolla failed to file tax returns, fraudulently obtained Paycheck Protection Program (PPP) and Economic Injury Disaster loans by providing false information to financial institutions, dry leased an uninsured aircraft, and sold a classic motor vehicle with a tampered odometer.
 
DOT-OIG is conducting this investigation with the Internal Revenue Service and Small Business Administration.
 
Note: Indictments, informations, and criminal complaints are only accusations by the Government. All defendants are presumed innocent unless and until proven guilty.