A woman arrested from her Little Rock home on Thursday, has been indicted on 8 counts of financial crimes. 31-year old Chandler Wilson Carroll is the CEO and founder of WilCarr Innovations LLC along with two other companies. The government alleges she used PPP loans to buy a house, jewelry and two Ford cars.
Carroll founded WilCarr Innovations in February of 2020. In an interview with Little Rock Soiree magazine, she claimed the company serves “the regulatory needs of medical device and health insurance companies across the U.S.” The company does not appear to have a website, and the secretary of state’s office lists its license as “revoked.” The government indictment lists two other companies she owned: Wilson Carroll Research Services (WCRS), founded in 2017 and Brook Haven Lodge also founded in 2020.
In January of 2020, Carroll took out a Covid EIDL or Economic Injury Disaster Loan for her WCRS company. The indictment said she was lying to get the money. On her 2022 tax form, Carroll claimed WRCS made about half a million for the year with zero employees. On her loan application she claimed it made over $90 million in gross revenue. She was eventually granted $150 thousand in loans. The complaint says she used the money to buy a Ford car and jewelry from Sissy’s Log Cabin.
Later in April 2020, she is alleged to have done the same thing with Paycheck Protection Program (PPP) loans for her WCRS company. These were federal loans designed to help payroll costs during the pandemic, millions were eventually forgiven. Carroll applied for two PPP loans, one for over $188 thousand and another for over $190 thousand. On the loan application she said she had 13 employees. Again, this money was used for another car and jewelry purchases.
In May