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A dual American and Nigerian citizen has been sentenced to prison for creating and leading a scheme that bilked more than $4.2 million from federal loan and grant programs that were intended to assist small businesses with economic hardship they suffered as a result of the COVID-19 pandemic.

A federal grand jury returned an indictment, unsealed Thursday, charging Oleg Gregorvich Fursov, 52, of Elk Grove, with wire fraud.

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

CHRISTOPHER SCOTT used the fraud proceeds to make personal purchases at luxury retailers.

The defendants allegedly fraudulently obtained millions of dollars in loans under the CARES Act.

Five Rio Grande Valley residents have been indicted for wire fraud in a scheme involving the Paycheck Protection Program (PPP) and Economic Injury Disaster Loan (EIDL) program

Ten individuals face federal charges stemming from a fraud and money laundering operation that targeted government loan programs offered by the U.S. Small Business Administration, including the Economic Injury Disaster Loan program and Paycheck Protection Program. In addition, two of the defendants were charged with laundering the proceeds of a fraudulent unemployment insurance scheme.

Salimot Akande, Garey Henderson, and Jacqueline Rollizo were arraigned today on federal fraud and money laundering charges after they allegedly defrauded COVID-19 pandemic relief programs on multiple occasions and then laundered nearly $2 million in proceeds.