NEWARK, N.J. – Mohamed Kamara, a 42-year-old man from Greenbelt, Maryland, has pleaded guilty yesterday to wire fraud and conspiracy to commit wire fraud. He admitted to illegally obtaining more than $2 million in COVID-19 relief funds through fraudulent applications to the Small Business Administration (SBA) for Economic Injury Disaster Loans (EIDL) and fraudulent applications for unemployment insurance benefits in New Jersey.
Kamara now faces a maximum potential penalty of 20 years in prison and a fine of $250,000 for each charge, or twice the gross profits or gross loss suffered by the victims of his offense, whichever is greatest. Sentencing is scheduled for October 10, 2023.
U.S. Attorney Philip R. Sellinger credited the FBI, the U.S. Department of Labor, Office of Inspector General, the Small Business Administration, and the New Jersey Department of Labor & Workforce Development for their assistance in the investigation.