Opinion
Civil Action 3:24-cv-188-MPM-RP
08-14-2024
UNITED STATES OF AMERICA PLAINTIFF v. TRENTICE SPARKS, SR DEFENDANT
CONSENT JUDGMENT
This consent judgment is entered into between the United States of America, acting through the United States Department of Justice and on behalf of the United States Small Business Administration (“SBA”) (collectively the “United States”), and Defendant Trentice Sparks, Sr. The parties stipulate and consent to the entry of judgment in favor of the United States of America against Defendant Trentice Sparks, Sr. on the basis of violations of the False Claims Act, U.S.C. §3729-3733 in the sum of $46,857.54, which sum specifically includes two loans, one in the amount of $20,933.11 (the amount of loan #2532878810 plus interest through the date of forgiveness) and another loan in the amount of $20,924.43 (the amount of loan #7762838905 plus interest through the date of forgiveness) for the Paycheck Protection Program loans and $5,000.00 for the banks' processing fees. Post judgment interest shall accrue at the legal rate pursuant to 28 U.S.C. § 1961(a) and shall be computed daily and compounded annually until paid in full, but without costs to either party. Defendant Trentice Sparks, Sr. agrees that the sum owed, $46,857.54, plus interest, is due and payable in full immediately. Defendant also agrees to pay a separate $405.00 filing fee and a separate fee of $146.75 for service of process, pursuant to 28 U.S.C. § 2412(a)(2).
Provided, however, execution shall not issue upon this judgment as long as Defendant Trentice Sparks, Sr. pays to the Department of Justice, through the United States Attorney, 900 Jefferson Avenue, Oxford, Mississippi 38655, an agreed upon minimum monthly payment each and every month until this judgment is satisfied. The amount of this payment shall be subject to review and modification not less than annually. This debt shall also be included in the Treasury Offset Program so that any federal monies owed to Defendant Trentice Sparks, Sr. will be credited to his outstanding debt.
IT IS SO ORDERED.