Tag: economic_injury_disaster_loan
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Casino Owner Andy Sanborn Charged with Misusing CARES Act Funds
Concord Casino owner Andy Sanborn faces charges for allegedly misusing over $250,000 in federal CARES Act EIDL funds, diverting them for personal expenses like a Porsche instead of business working capital.
Politics and GovernmentBusinessLaw EnforcementFederal GovernmentEconomyLegal Andy SanbornConcord CasinoCARES ActTheft of Government FundsEconomic Injury Disaster LoanNew HampshireFraudFBI
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Peabody Man Pleads Guilty to $125,000 COVID-19 Relief Fraud
Jonathan Carpenter, a Peabody resident, admitted guilt to stealing $125,000 in COVID-19 relief funds. He fraudulently obtained an Economic Injury Disaster Loan for a non-existent business, facing sentencing in September 2026.
Politics and GovernmentBusinessLaw EnforcementFederal GovernmentLegalEconomySocial Issues Jonathan CarpenterPeabodyCOVID-19 Relief FraudEconomic Injury Disaster LoanTheft of Government MoneySmall Business AdministrationMassachusettsFBI
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Dual Citizen Sentenced to Six Years for Money Laundering Conspiracy
A dual U.S.-Nigerian citizen received a six-year prison sentence for a money laundering conspiracy involving over $3.4 million, including funds from a fraudulent EIDL loan. His co-conspirator also received a prison term.
Law EnforcementPolitics and GovernmentBusinessWorldLegalFederal GovernmentEconomyFinancial MarketsAfrica Eseosa Brigut OmoruyiMoney LaunderingNewport News, VirginiaFBIIRS Criminal InvestigationEconomic Injury Disaster LoanConspiracy
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Northern Virginia Duo Pleads Guilty to $632,659 Pandemic Relief Fraud
A Springfield woman and a Sterling man pleaded guilty to wire fraud, admitting to fraudulently obtaining over $630,000 from federal pandemic relief programs like PPP and EIDL for personal use.
Politics and GovernmentBusinessLaw EnforcementFederal GovernmentEconomyLegal Wire FraudPandemic ReliefPaycheck Protection ProgramEconomic Injury Disaster LoanTeresita TiongsonChung K. ShihVirginiaFBI