Tag: economic_injury_disaster_loan
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Governor Newsom Secures Federal Disaster Loans for Boyle Heights Fire-Affected Businesses
Governor Newsom announced federal disaster loans for small businesses and nonprofits impacted by the Boyle Heights warehouse fire. The SBA-approved Economic Injury Disaster Loans offer low-interest capital for recovery, with application centers now open in Los Angeles.
Politics and GovernmentBusinessGeneral PoliticsState GovernmentsFederal GovernmentEconomyEmployment and Labor Boyle Heights warehouse fireGovernor Gavin NewsomSBAEconomic Injury Disaster LoanCaliforniaDisaster ReliefSmall BusinessCalifornia Governors Office
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Concord Casino Owner Pleads Guilty to Misusing Over $250,000 in CARES Act Funds
Andy Sanborn, owner of Concord Casino, pleaded guilty to misusing over $250,000 in CARES Act funds, diverting federal aid meant for his business to personal expenses, including a Porsche. Sentencing is set for October 2026.
Politics and GovernmentLaw EnforcementBusinessFederal GovernmentLegalEconomy Andy SanbornCARES ActTheft of Government FundsConcord CasinoEconomic Injury Disaster LoanFraudNew HampshireFBI
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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