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Nevada Man Sentenced For Over $11M COVID-19 Relief Fraud And Money Laundering Scheme
LAS VEGAS — A Nevada man was sentenced today to over 15 years in prison and five years of supervised release for fraudulently obtaining more than $11 million in Paycheck Protection Program (PPP) loans guaranteed by the Small Business Administration (SBA) under the Coronavirus Aid, Relief, and Economic Security (CARES) Act and then laundering the funds through real estate transactions, gambling activity, and luxury purchases. The defendant was also ordered to pay restitution in the amount of $11,793,064.15, forfeiture in the amount of $11,231,186.52, and to forfeit two vehicles and five...
Nevada Man Convicted Of $11.2 Million COVID-19 Fraud
LAS VEGAS – A federal jury convicted a Nevada man Wednesday for defrauding three banks of more than $11.2 million in COVID-19 pandemic relief funds intended to help small businesses impacted by the pandemic.
Man Sentenced For Over $500,000 COVID-19 Relief Fraud And Money Laundering Scheme
LAS VEGAS – A Nevada man was sentenced yesterday to two years and four months in prison for fraudulently obtaining over $500,000 in Paycheck Protection Program (PPP) and Economic Injury Disaster Loan (EIDL) program loans that the Small Business Administration (SBA) guaranteed under the Coronavirus Aid, Relief, and Economic Security (CARES) Act, and then laundering the money through family, friends, and others.
Nevada Man Pleads Guilty For COVID-19 Relief Fraud Scheme And Money Laundering
LAS VEGAS – A Henderson, Nev., resident pleaded guilty today to fraudulently obtaining over $500,000 in loans under the Small Business Administration’s (SBA) Paycheck Protection Program (PPP) and Economic Injury Disaster Loan (EIDL) program, and then laundering the funds through family and friends to buy a house.
Las Vegas Resident Indicted For COVID-19 Relief Fraud Scheme
LAS VEGAS – A Las Vegas man made his initial appearance in federal court yesterday for allegedly submitting a fraudulent Economic Injury Disaster Loan (EIDL) application seeking more than $150,000 from the Small Business Administration (SBA) under the Coronavirus Aid, Relief and Economic Security (CARES) Act.
Las Vegas Man Sentenced To Prison For COVID-19 Relief Fraud, Bank Fraud, And Money Laundering
LAS VEGAS – A Las Vegas man was sentenced today to 27 months in prison for perpetrating a scheme to defraud the Small Business Administration by fraudulently applying for an Economic Injury Disaster Loan (EIDL) of more than $100,000 using the name of his defunct business.