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Officials said Diakhate maintained an ownership or management interest in certain small business entities including Ansonia Developers LLC, Winsbay Inc., Buyers Assoication Group LLC, Washington Management LLC and Diakhate Capital, Inc. He allegedly provided Citibank with false and fraudulent information during the PPP loan application process for each of his five entities, which totaled $2,897,100. Officials said he then used a portion of the funds for various personal expenses including paying off a previous car loan and purchasing both a Mercedes and BMW. Officials said Diakhate also purch...

Officials said Diakhate maintained an ownership or management interest in certain small business entities including Ansonia Developers LLC, Winsbay Inc., Buyers Assoication Group LLC, Washington Management LLC and Diakhate Capital, Inc. He allegedly provided Citibank with false and fraudulent information during the PPP loan application process for each of his five entities, which totaled $2,897,100. Officials said he then used a portion of the funds for various personal expenses including paying off a previous car loan and purchasing both a Mercedes and BMW. Officials said Diakhate also purch...

Details Written by IVN Los Angeles, California - A California man pleaded guilty Monday to perpetrating a scheme to fraudulently obtain approximately $1.8 million in COVID-19 relief guaranteed by the Small Business Administration (SBA) through the Economic Injury Disaster Loan (EIDL) program and the Paycheck Protection Program (PPP). According to court documents, Hassan Kanyike, 29, of Santa Clarita, admitted that he submitted six fraudulent PPP loan applications and two fraudulent EIDL applications. The applications sought funds to purportedly pay the salaries of employ...

Avnet Asia Admits to Criminal Liability for the Conduct of Former Employees, and Agrees to Pay More Than $3.2 Million An indictment was unsealed this week charging Cheng Bo, also known as Joe Cheng, a 45-year-old national of the People’s Republic of China, with participating in a criminal conspiracy from 2012-2015 to violate U.S. export laws by shipping U.S. power amplifiers to China. Cheng’s former employer, Avnet Asia Pte. Ltd., a Singapore company and global distributor of electronic components and related software, agreed to pay a financial penalty to the United Sta...

United States Attorney Ron Parsons announced that a Bradenton, Florida, man convicted of Conspiracy to Commit Wire Fraud and Money Laundering was sentenced on February 22, 2021, by U.S. District Judge Karen E. Schreier. Kent Duane Anderson was sentenced to 51 months in federal prison, followed by two years of supervised release, restitution in the amount of $15,311,927, and a special assessment to the Federal Crime Victims Fund in the amount of $200. Anderson was indicted by a federal grand jury on February 4, 2020. He pled guilty on November 5, 2020. The conviction stemmed from incidents bet...