Former Tennessee politician sentenced for using COVID-19 funds on Bitcoin
He was sentenced to 33 months in prison and ordered to pay
According to court documents, Thacker submitted three fraudulent applications for PPP and EIDL relief funds for a total of
Thacker used the funds to buy Bitcoin, Ether and other cryptocurrencies as well as fund his personal investment accounts, the DOJ said.
"COVID-19 relief fraud is a serious crime," said
Hamilton III. "
economic suffering of all American workers and businesses. Today, he is being held
accountable for his actions, and the Court's sentence should demonstrate to any who are tempted to follow in his footsteps that this crime carries with it serious consequences."
The DOJ said the case was prosecuted on behalf of the
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