Marked as
Last updated - December 15, 2025
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TEC Ventures LLC was used by Daniel Tisone to fraudulently obtain over $2.6 million in COVID‑19 relief loans through falsified applications. The funds were misused for personal luxury purchases rather than legitimate business purposes. The company is frequently mentioned in news and government reports due to its involvement in this high-profile fraud case
Owner
Medium Risk
Based on the available data, we suggest consumers approach this Company with caution.
This advisory is based on a medium-risk score derived from OSINT, Adverse Media, Reviews, and Risk Factors identified in our research.
You may face moderate risks when engaging in consumer-related activities with this entity.
High Risk
Based on the available data, we recommend that employees exercise extreme caution or reconsider association with this Company.
This advisory stems from an aggregate risk score compiled from OSINT, Adverse Media, Reviews, and Risk Factors uncovered in our analysis.
You are likely to face significant risks by pursuing or maintaining employment with this entity.
Based on the available data, we urge investors and bankers to avoid financial involvement with this Company.
This advisory is informed by an aggregate risk score based on OSINT, Adverse Media, Reviews, and Risk Factors identified through our investigation.
Engaging in investment or lending activities with this entity poses a substantial risk to your financial interests.
Safe to Onboard
Enhanced Due Diligence required
Do Not Onboard
Monitor adverse media every 6 months
File SAR (Suspicious Activity Report) is warranted
Escalation to compliance committee
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Subsidiary
Fraud Loan PPP1
Fraud Loan MSLP
Total Fraud
Misuse
Bank Acct
The company was used by Daniel Tisone to fraudulently obtain over $2.6 million in PPP and EIDL loans.
Tisone submitted fake payroll, tax records, and a bogus lease to secure the loans.
The funds were misused for personal luxury purchases such as homes, a boat, and jewelry.
He was sentenced to over seven years in federal prison for his role in the scheme
The company appears in multiple news and government reports highlighting its use in fraudulent COVID‑19 relief applications.
Regulatory and Compliance Screening
Litigation and Legal Proceedings
Reputational and Adverse Media Risks
Geographic and Jurisdictional Risk
What you see here scratches the surface
We offer reward for actionable intel
TEC Ventures LLC: Daniel Tisone pleads guilty to $2.6 M COVID‑19 relief fraud scheme.
First Detected
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TEC Ventures LLC: Daniel Tisone sentenced to over 7 years for $2.6 M COVID‑19 relief fraud scheme.
Other Red-Flags and Adverse News
Based on user engagement on this review profile, ProConsumer will decide to publish its Risk Audit report for public if a threshold engagement, traffic and user input is achieved.
Known Assets: [Real estate, investments, companies]
Suspicious Transactions
Liabilities: [Bankruptcies, defaults, debts]
Wealth Sources: [Legitimate / Unclear / High-risk]
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Business Model Assessment
All comments are user-generated content and may not be verified. They represent the personal opinions of the public and should not be relied upon. These comments do not influence or determine our overall rating.
2
2.5
Highly experienced
Well-recognized name
Faced allegations of scamming others
Allegedly sold fake silver
Sued multiple times
Unregulated industry
Alarming number of complaints online
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TEC Ventures LLC, owned by Daniel Tisone, fraudulently obtained over $2.6 million in PPP and EIDL loans by submitting false payroll records, tax documents, and leases, then diverting funds to personal purchases including homes, a boat, and jewelry.Tisone's 2023 conviction for wire fraud, bank fraud, and related offenses resulted in a lengthy prison sentence and multimillion-dollar restitution, underscoring deliberate exploitation of emergency relief programs.
2/5
TEC Ventures LLC is implicated in a $2.6 million COVID-19 relief loan fraud scheme, involving falsified documents and misuse of funds for personal luxuries.The company's owner, Daniel Tisone, was convicted and sentenced to over seven years in prison, highlighting severe governance and ethical failures.
3/5
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