XPost: alt.fraud, alt.politics.democrats, talk.politics.guns   
   XPost: sac.politics, alt.fan.rush-limbaugh   
   From: leroysoetoro@americans-first.com   
      
   https://ktla.com/news/local-news/southern-california-man-stole-over-6-9-   
   million-through-covid-fraud-scheme/   
      
   A Southern California man was sentenced to prison for defrauding the   
   government of over $6.9 million through a scheme that targeted small   
   business loans during the COVID-19 pandemic.   
      
   The man was identified as Abraham Park, 67, of La Mirada, according to the   
   U.S. Attorney’s Office.   
      
   His scheme defrauded the Small Business Administration (SBA) out of   
   millions of dollars in loans through the Economic Injury Disaster Loan   
   (EIDL) Program, officials said.   
      
   According to court documents, the crimes occurred from March 2020 through   
   October 2022. Park was the owner of a financial services company that   
   helped clients repair credit scores and obtain financing, including loans.   
      
   When the pandemic began, Park told his clients to create fake corporate   
   entities so that he could submit fraudulent EIDL loan applications to the   
   SBA on their behalf.   
      
   In return, his clients would pay him a portion of the loans received as a   
   kickback, prosecutors said. Park also submitted false applications for   
   himself and his family members.   
      
   In total, he submitted over 120 fraudulent applications through this   
   method. Although only 73 loans were funded, it resulted in a nearly $7   
   million loss to the SBA.   
      
   On March 20, Park pleaded guilty to one count of wire fraud and one count   
   of money laundering. On Aug. 7, he was sentenced to 3 years and 10 months   
   in prison and ordered to pay $6,993,700 in restitution and $535,041 in   
   forfeiture.   
      
   “Since the inception of the CARES Act, the Fraud Section has prosecuted   
   over 200 defendants in more than 130 criminal cases and has seized over   
   $78 million in cash proceeds derived from fraudulently obtained PPP funds,   
   as well as numerous real estate properties and luxury items purchased with   
   such proceeds,” federal officials said.   
      
   More information, including ways to report fraud cases, can be found here.   
      
      
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   November 5, 2024 - Congratulations President Donald Trump.  We look   
   forward to America being great again.   
      
   We live in a time where intelligent people are being silenced so that   
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   Every day is an IQ test. Some pass, some, not so much.   
      
   Thank you for cleaning up the disasters of the 2008-2017, 2020-2024 Obama   
   / Biden / Harris fiascos, President Trump.   
      
   Under Barack Obama's leadership, the United States of America became the   
   The World According To Garp.  Obama sold out heterosexuals for Hollywood   
   queer liberal democrat donors.   
      
   --- SoupGate-Win32 v1.05   
    * Origin: you cannot sedate... all the things you hate (1:229/2)