In a recent turn of events, a Framingham woman admitted her guilt in a federal court on Friday, regarding her involvement in a fraudulent scheme aimed at obtaining pandemic business relief loans, a scheme that ultimately brought her over $450,000. This revelation comes directly from the Massachusetts U.S. Attorney’s Office.
Vanessa Nixon, 45, the proprietor of the Framingham-based real estate enterprise, Nixon Homes, conceded to a single charge of bank fraud, as announced by the U.S. Attorney’s office in a press release. This admission comes following her charge in the case the previous month.
Nixon, who is not only at the helm of Nixon Homes but also oversees operations at other Massachusetts ventures such as Mass Homes Investments and Alpha Auto Body, found herself embroiled in controversy between April 2020 and November 2022. During this period, she was responsible for submitting several COVID-19 business relief loan applications under her companies’ names, falsely claiming millions in income.
The deceit didn’t stop at inflated income claims. Nixon went a step further by crafting counterfeit tax documents to support these claims, all of which she included in her loan applications. As a result of this elaborate scheme, Nixon unlawfully secured over $450,000.
Looking ahead, a federal judge has set Nixon’s sentencing for June 26. The bank fraud charge she faces carries a hefty potential sentence—up to 30 years in prison, a possibility of five years under supervised release, and a fine that could soar up to $1 million, highlighting the serious consequences of her actions.