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A rideshare driver from the Koreatown neighborhood of Los Angeles has been arrested on a five-count federal indictment charging him with fraudulently obtaining more than $2 million in COVID-19 pandemic business-relief loans on behalf of his nonexistent companies, which he instead used to buy cryptocurrency, the Justice Department announced today.

BOSTON – A Boston man pleaded guilty yesterday in federal court in Boston to defrauding the Paycheck Protection Program (PPP) and stealing both a U.S. Treasury tax refund check and a check from a New York law firm.

Chandler Carroll will spend 24 months in federal prison after admitting to fraudulently obtaining nearly $2.1 million in federal loans designed to assist businesses during the COVID pandemic.

A 13-count indictment has now been unsealed alleging a scheme to defraud the Small Business Administration and Paycheck Protection Program-affiliated lenders during the COVID-19 pandemic

A federal jury in Portland found Peter Igwacho, 64, a Cameroonian national residing in Anchorage, Alaska, guilty Thursday for wire fraud.

Following a weeklong trial, Carl Delano Torjagbo, a/k/a Karl Lucius Delano, was convicted by a federal jury of bank fraud, wire fraud, and money laundering after obtaining a fraudulent $9.6 million Paycheck Protection Program (“PPP”) loan and filing fraudulent tax returns that generated a $3.4 million IRS refund.

CINCINNATI – A West Chester couple pleaded guilty in U.S. District Court today to committing wire fraud to obtain pandemic relief funds. The husband and wife were owners or associates of multiple transportation firms.