Monroe hair salon owners in $169,000 CARES Act loan fraud settlement

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The owners of a Monroe hair salon have agreed to pay more than $169,000 to settle federal charges that fraudulently misspent funds were allocated to the business under the CARES (Coronavirus Aid, Relief and Economic) Act. Security).

In April 2020, Gerard Carbonaro applied for an economic disaster loan and grant/advance on behalf of his wife, Janine E. Carbonaro, as sole proprietor of Hair Attraction Design Team in Monroe. The loan documents required that Janine E. Carbonaro “use all proceeds of this loan solely as working capital to mitigate the economic harm” caused by Covid-19.

However, the Carbonaros used the $109,000 they received in federal funds to pay off the mortgage on residential property in Florida and to purchase additional residential property in Florida for personal investment.

In their settlement, the Carbonaros paid $169,563.60 to resolve the charges against them and agreed to withdraw a pending request for a loan increase.






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Phil Hall’s writing for Westfair Communications has won numerous Connecticut Press Club and Connecticut Society of Professional Journalists awards. He is a former United Nations-based reporter for Fairchild Broadcast News and the author of 10 books (including the 2020 release “Moby Dick: The Radio Play” and the upcoming “Jesus Christ Movie Star”, both published by BearManor Media ). He is also the host of the SoundCloud podcast “The Online Movie Show”, co-host of the WAPJ-FM talk show “Nutmeg Chatter” and writer with credits in The New York Times, New York Daily News, Hartford Courant, Wired, The Hill’s Congress Blog, Profit Confidential, The MReport, and StockNews.com. Outside of journalism, he’s also a horror movie actor – usually playing the creepy villain who is gravely killed off at the end of each movie.


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