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COVID-19 Relief Funds

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Brighton Food Truck Owner Used $1.5M Of Covid Relief Funds To Buy Stocks: Feds Brighton Food Truck Owner Used $1.5M Of Covid Relief Funds To Buy Stocks: Feds
Brighton Food Truck Owner Used $1.5M Of Covid Relief Funds To Buy Stocks: Feds A Brighton food truck owner admitted this week to filing fake loan applications for $1.5 million in Covid-19 relief funds that he used to buy stocks, authorities said.  Loc Vo, 55, pleaded guilty to one count of wire fraud on Tuesday, Jan. 10, and now faces a maximum of 20 years behind bars, the US Attorney for Massachusetts said.   Vo owned Smart Gourmet and Indy Publish, a dormant business in Maryland during the pandemic. Federal investigators said that between April 2020 and July 2021, Vo submitted loan applications for these businesses under three Small Business Administr…

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by Josh Lanier
News
Boston Food Truck Owner Charged With Stealing $1.5M In COVID Funds: Feds Boston Food Truck Owner Charged With Stealing $1.5M In COVID Funds: Feds
Boston Food Truck Owner Charged With Stealing $1.5M In COVID Funds: Feds A 55-year-old Boston food truck owner faces up to 20 years in prison after he has was charged him with lying to get $1.5 million in COVID-19 relief funds, the Department of Justice announced Wednesday, July 20. Loc Vo, who owns Smart Gourmet, is accused of fraudulently filing loan applications from April 2020 until July 2021 for programs under the Coronavirus Aid, Relief and Economic Security Act, the U.S. Attorney in Boston said. The programs were to help businesses stay afloat during the uncertainty of the COVID pandemic.  But federal authorities said Vo used the money to invest…

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by Josh Lanier
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Ex-Owner Of Illicit Boston-Area Massage Parlor Sentenced For Fraud Ex-Owner Of Illicit Boston-Area Massage Parlor Sentenced For Fraud
Ex-Owner Of Illicit Boston-Area Massage Parlor Sentenced For Fraud A woman was sentenced to three years of probation for fraudulently obtaining tens of thousands of dollars in COVID-19 relief funds, the US Attorney's Office for Massachusetts reports.  Chynna Savath, age 57, of Woonsocket, Rhode Island, is the former owner of a massage parlor located in Franklin called Thai Body Work.  Savath apparently obtained $34,391 in fraudulent payments from filing fake applications under the Coronavirus Aid, Relief and Economic Security (CARES) Act in June 2020, the office reports.  The applications also did not mention that Savath…

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by David Cifarelli