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Father and Son Sentenced for $1.7 Million COVID-19 Relief Fraud

Two men were sentenced yesterday for their roles in the submission of fraudulent loan applications seeking more than $1.7 million in forgivable Paycheck Protection Program (PPP) loans guaranteed by the Small Business Administration (SBA) under the Coronavirus Aid, Relief, and Economic Security (CARES) Act. Izzat Freitekh, 57, of Waxhaw, North Carolina, was sentenced to fourTwo men were sentenced yesterday for their roles in the submission of fraudulent loan applications seeking more than $1.7 mi...
North Carolina United States Criminal Division Mark Morini Mark Odulio Matt Kahn

Father And Son Convicted Of $1.7 Million COVID-19 Relief Fraud » FINCHANNEL

A federal jury in Charlotte convicted two men today for the submission of fraudulent loan applications seeking more than $1.7 million in forgivable Paycheck Protection Program (PPP) loans guaranteed by the Small Business Administration (SBA) under the Coronavirus Aid, Relief and Economic Security (CARES) Act, announced Dena J. King, U.S. Attorney for the Western DistrictA federal jury in Charlotte convicted two men today for the submission of fraudulent loan applications seeking more than $1.7 m...
Criminal Division North Carolina United States Mark Odulio Joshuan Debold Benjamin Bain

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