SEMINOLE COUNTY, Fla. – A Bradenton man is accused of using $7.2 million from Paycheck Protection Program funds to buy a mansion in Chuluota, according to court records.
Don Cisternino was indicted on two counts of wire fraud, three counts of aggravated identity theft and three counts of illegal monetary transaction. [TRENDING: Injunctions filed against girl slammed by deputy | SpaceX launches satellites | OK to dream: Snow in Florida?] Records show Cisternino established MagnifiCo in 2014.
MagnifiCo was listed as a consulting company with few or no employees, records show. Records show Cisternino applied for Paycheck Protection Program loan established as part of the federal CARES Act relief bill.