Couple buys mansion in Seminole County with fraudulent $7.2 million PPP loan, feds say [View all]

A Florida couple is accused of fraudulently obtaining a $7.2 million federal loan meant to help businesses during the pandemic and spending that money on expensive cars and a multimillion-dollar house in Seminole County.

The federal government wants to seize the $3.5 million, seven-bedroom house, saying in civil court filings the estate was purchased with money connected to a wire fraud scheme.

Don Cisternino and his partner, Lori Quasky, purchased the home in July after Cisternino was investigated for using fake information to get a loan for his business, according to a federal court filing on Dec. 17.

It was the second time in four days the U.S. government has sought to seize money or property in Orlando federal court that was tied to someone accused of lying to received a multi-million Paycheck Protection Program loan, commonly known as PPP.

Read more: https://www.orlandosentinel.com/business/os-bz-ppp-fraud-house-seminole-20201223-cswwnoyx4jedhbcntbpamqleb4-story.html


The seven-bedroom mansion at 3018 Kingfisher Pt., in Seminole County, that authorities believe was purchased with money fraudulently obtained through a PPP loan. ((Corcoran Premier Realty))