Six defendants charged In $1 million Covid fraud schemes
FOR IMMEDIATE RELEASE
Six Defendants Charged In
"While many individuals and families were suffering from the financial challenges caused by COVID-19, criminals used it as an opportunity to exploit pandemic relief programs for their own financial gain, knowing they were not entitled to the funds," said
The indictment alleges that, between
Each of the six defendants is also charged with respective counts of wire fraud related to pandemic unemployment insurance fraud. Two defendants-
In addition to charges stemming from unemployment insurance fraud schemes, five of the six defendants are charged in the indictment with varying counts of wire fraud and conspiring to commit wire fraud in connection with their alleged fraudulent receipt of loans intended to relieve small businesses of burdens and costs associated with the pandemic.
The charges in an indictment are merely accusations, and a defendant is presumed innocent until and unless proven guilty in a court of law. A conviction for conspiracy to commit wire fraud, or wire fraud, in connection with a declared major disaster or national emergency is subject to a prison term of up to 30 years and a fine of up to
The case was investigated by the
Updated



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