22 Charged In Scheme To Steal $11 Million From Business Loans To Buy Luxury Cars, Jewelry

Topline

The U.S. Justice Department announced Thursday it has charged a total of 22 people for a scheme in which they created over a dozen fake businesses to apply for and steal $11.1 million from the Payment Protection Program, which gave businesses financial aid to carry them through the economic disruption of the coronavirus pandemic.

WASHINGTON, DC – MAY 20: Newly redesigned $100 notes lay in stacks at the Bureau of Engraving and … [+] Printing on May 20, 2013 in Washington, DC. The one hundred dollar bills will be released this fall and has new security features, such as a duplicating portrait of Benjamin Franklin and microprinting added to make the bill more difficult to counterfeit. (Photo by Mark Wilson/Getty Images)

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Key Facts

Federal prosecutors charged 22 people from five states, Michigan, Georgia, South Carolina, Florida and Illinois with crimes including wire fraud, bank fraud and money laundering.

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