"He faces a multitude of counts, including two counts of third-degree grand larceny, two counts of fourth-degree grand larceny, criminal possession of stolen property in the third and fourth degrees, two counts of first-degree falsifying business records and two counts of first-degree offering a false instrument for filing. According to the investigation, Delgado allegedly submitted two separate fraudulent applications for loans through the U.S. Small Business Administration's Paycheck Protection Program (PPP) between February and April 2021."
"The defendant falsely stated in the applications that he owned and operated a security business, the district attorney's office said. The investigation showed that a total of $40,250two loans of around $20,000 eachwas deposited into his personal bank account during that period. Investigators from the NYPD's Internal Affairs Bureau (IAB) and the IRS-Criminal Investigation found that Delgado allegedly used the funds to pay bills."
Edward Delgado, a 41-year-old NYPD officer assigned to the 41st Precinct, was arraigned on Feb. 9 in Bronx Supreme Court on multiple criminal counts. He faces charges including third- and fourth-degree grand larceny, criminal possession of stolen property, first-degree falsifying business records and first-degree offering a false instrument for filing. Delgado allegedly submitted two fraudulent Paycheck Protection Program loan applications between February and April 2021 claiming to own a security business. Approximately $40,250, in two loans of about $20,000 each, was deposited into his personal bank account and allegedly used to pay bills. Investigations involved NYPD Internal Affairs and IRS-Criminal Investigation. Delgado was released on his own recognizance and is due back in court on April 13; his employment status with the department is unclear.
Read at www.amny.com
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