Fourteen individuals, primarily from Southern California, were implicated in a scheme that defrauded the government out of over $25 million in COVID-19 relief funds. They face serious charges, including conspiracy and multiple frauds related to false claims for federal small business loans. The ringleader from Tujunga allegedly orchestrated the creation of sham businesses, false financial statements, and counterfeit tax returns. Law enforcement actions during the arrests resulted in the confiscation of substantial cash and fraudulent documentation, including phones and firearms, highlighting the scale of the operation and its impacts on the financial sector.
Fourteen defendants, including several Southern Californians, were arrested for allegedly scamming over $25 million in COVID-19 relief funds through numerous fraudulent schemes.
Among the accused are leaders of sham corporations who created false documentation to secure loans and defraud banks and the SBA.
#covid-19-relief-fraud #small-business-administration #federal-investigation #financial-crime #southern-california
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