A 54-year-old Indian-origin man has been sentenced to over three years in prison for his role in obtaining more than USD 20 million under the US government's economic aid plan following the coronavirus pandemic.
A 54-year-old Indian-origin man, Pardeep Basra, and six co-conspirators have been sentenced to prison for their involvement in a multi-million-dollar COVID-19 relief fraud scheme in the United States.
HOUSTON A federal grand jury in Houston has returned a superseding indictment against four additional individuals for fraudulently obtaining and laundering millions of dollars in forgivable Paycheck Protection Program (PPP) loans.
Florida Nurse Allegedly Lied to Obtain $420K in Coronavirus Relief A nurse in South Florida fraudulently obtained approximately $420,000 in coronavirus relief money, federal prosecutors allege. “Giraldo Caraballo, 55, of Miami, made his initial appearance Friday in Miami federal court,” the Associated Press (AP) reported Saturday. Caraballo is charged with “engaging in transactions in unlawful proceeds and making false statements to a financial institution,” the article continued: Caraballo applied for and received a Paycheck Protection Program [PPP] loan on behalf of his company, Professional Skills Inc., according to a criminal complaint. He claimed the company had 28 employees and an average monthly payroll of $168,000, which investigators said was untrue. The complaint also alleges that Caraballo applied for and received approximately $55,000 in Economic Injury Disaster Loan. Instead of using the money for payroll, prosecutors said Caraballo transferred the money to other accounts and used it for personal expenses.