New York man charged with wire fraud and identity theft in $150K loan scheme
NEWARK, N.J. — A New York City man has been charged with wire fraud and aggravated identity theft for allegedly using stolen personal information to obtain fraudulent business loans totaling $150,000, federal…
Former Government Employee Admits to Stealing Identities of 37 Individuals in Bank and Loan Fraud Scheme
Assistant U. S. Attorney Michelle L. Wasserman (619) 546-8431 NEWS RELEASE SUMMARY – January 26, 2022 SAN DIEGO – Kevin Lee of Chula Vista pleaded guilty in federal court today to using…
Maryland Governor announces $9 million student loan debt tax credit
ANNAPOLIS, MD—Governor Larry Hogan today announced nearly $9 million in tax credits to more than 9,000 Maryland residents with student loan debt, awarded by the Maryland Higher Education Commission (MHEC). To date,…
Couple Pleads Guilty to $5.1 M Pandemic Loan Fraud
NEWPORT NEWS, Va. – A couple who formerly resided in Hampton pleaded guilty today to submitting fraudulent disaster-related loan applications in connection with the COVID-19 pandemic. According to court documents, Malik Mitchum,…
South Florida Man Charged with Covid-19 Relief Fraud, Buying Lamborghini, Rolex, and Louis Vuitton with Loan Money
Miami, Florida — A Florida man charged with fraudulently obtaining COVID-19 relief loans under the Paycheck Protection Program (PPP) made his first appearance today in federal magistrate court in Ft. Lauderdale. According…
Three Middlesex County Individuals Charged with $2.1 Million in Paycheck Protection Program Fraud and Economic Injury Disaster Loan Fraud Schemes
NEWARK, N.J. – Three Middlesex County, New Jersey, residents were arrested today for their roles in fraudulently obtaining over $2.1 million in federal Paycheck Protection Program (PPP) loans and Economic Injury Disaster…
Sussex County Man Sentenced to 64 Months in Prison for Fraudulently Obtaining $5.6 Million Loan Meant to Help Small Businesses During COVID-19 Pandemic
NEWARK, N.J. – A Sussex County, New Jersey, man was sentenced today to 64 months in prison for fraudulently obtaining a federal Paycheck Protection Program (PPP) loan of over $5 million, Acting…
Parkersburg Man Sentenced to Prison for Making False Statements on Loan Application
CHARLESTON, W.Va. – A Parkersburg man was sentenced today to two years in prison and ordered to pay $490,000 in restitution for making false statements on a loan application. According to court…
Three Coconspirators in a Paycheck Protection Program Loan Scheme Plead Guilty
In the last week, three women who were alleged to have applied for and received almost $800,000 in Paycheck Protection Program loans guaranteed by the Small Business Administration under the CARES Act…
Nonprofit CEO Pleads Guilty to Wire Fraud in Relation to Covid-19 Loan Fraud
Greenbelt, Maryland – Brandon Fitzgerald-Holley, age 32, of Suitland, Maryland, pleaded guilty today to wire fraud in relation to COVID-19 loan fraud. The guilty plea was announced by United States Attorney for…
Florida Tax Preparer Charged in Connection with $7 Million Loan Fraud Scheme
PHILADELPHIA – United States Attorney Jennifer Arbittier Williams and Assistant Attorney General Kenneth A. Polite Jr. of the Justice Department’s Criminal Division announced that Barrie Osborne, 76, of Celebration, Florida, was charged…
Florida Tax Preparer Charged in Connection with $7 Million Loan Fraud Scheme
A Florida tax preparer was charged in an indictment filed in the Eastern District of Pennsylvania yesterday with scheming to fraudulently obtain more than $7 million in Paycheck Protection Program (PPP) loans,…
Becker Farmer Sentenced for $1.4 Million USDA Farm Loan Fraud
ST. PAUL, Minn. – A Becker man was sentenced to pay $1,403,578.40 in restitution, serve three years’ probation, and 150 hours of community service for converting collateral that secured loans from the…
Shepherd restaurant owner admits theft in COVID-19 relief loan program
BILLINGS – A Shepherd man who owns the Feedlot Steakhouse in Shepherd admitted to allegations today that he received approximately $75,000 in a COVID-19 relief loan from the Small Business Administration (SBA)…
San Francisco Woman Sentenced To 18 Months For Pandemic Relief Loan Fraud And Impersonating Attorneys
SAN FRANCISCO – Miranda Devlin, aka Miranda M., aka Miranda P., was sentenced today in United States District Court to 18 months in federal prison for making false statements in a loan…
Leicester Man Pleads Guilty to Unemployment and Loan Fraud Related to COVID-19 Pandemic
BOSTON – A Leicester man pleaded guilty yesterday in federal court in Worcester in connection with his involvement in loan and Pandemic Unemployment Assistance (PUA) fraud schemes. William, Cordor, 26, pleaded guilty…
Long Island Doctor Pleads Guilty to Covid-19 Loan Fraud
Earlier today, at the federal courthouse in Central Islip, Konstantino Zarkadas, a Glen Cove-based medical doctor, pleaded guilty to disaster relief fraud and wire fraud in connection with his receipt of millions…
Manhattan Man Pleads Guilty To $6.9 Million Scheme To Defraud Loan Program Intended To Help Small Businesses During COVID-19 Pandemic
Damian Williams, the United States Attorney for the Southern District of New York, announced today that MARCUS FRAZIER pled guilty to carrying out a fraudulent scheme to obtain $6.9 million in government-guaranteed…
Credit Suisse Resolves Fraudulent Mozambique Loan Case in $547 Million Coordinated Global Resolution
BROOKLYN, NY – Credit Suisse Group AG, a global financial institution headquartered in Switzerland, and Credit Suisse Securities (Europe) Limited (CSSEL), its subsidiary in the United Kingdom (collectively, Credit Suisse), each admitted…
Bellevue Man Who Spent Cattle Loan Funds on Gambling Sentenced to Federal Prison
A man who spent federal loan money intended for the purchase of cattle on his personal expenses, including gambling and alcohol, was sentenced on October 4, 2021, to ten months in federal…
Biden Administration To Change The Student Loan Forgiveness Program To Include More Public Sector Workers
President Joe Biden’s administration’s Education Department announced plans Wednesday to overhaul its loan forgiveness program to provide further debt relief to public sector workers. Under the changes, public sector workers will qualify…