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Ex-Massachusetts Resident Nabbed For $2.5M COVID Relief Fraud, Feds Say Ex-Massachusetts Resident Nabbed For $2.5M COVID Relief Fraud, Feds Say
Ex-Massachusetts Resident Nabbed For $2.5M COVID Relief Fraud, Feds Say A former resident  from the Greater Boston area and owner of a local painting company is facing 20 years in prison for using a fake loan application to snag $2.5 million in COVID relief funds, the US Attorney's Office for Massachusetts said.  Vinicius Santana, age 34, formerly of Revere, who now lives in Boca Raton, Florida, allegedly submitted four Paycheck Protection Program (PPP) applications for his company, Complete Home Care (CHC), in April 2020, the office reports.  PPP funds were established under the Coronavirus Aid, Relief and Economic Safety (CARES) Act in Ma…

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by David Cifarelli
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COVID-19: NY Doctor Admits To Using $3M In Fraudulently Obtained Loans To Purchase Luxury Items COVID-19: NY Doctor Admits To Using $3M In Fraudulently Obtained Loans To Purchase Luxury Items
Covid-19: NY Doctor Admits To Using $3M In Fraudulently Obtained Loans To Purchase Luxury Items A New York doctor has admitted to using more than $3 million in fraudulently obtained small business loans to purchase a yacht and other luxury items, federal authorities announced. Long Island resident Konstantino Zarkadas, a Nassau County-based medical doctor in Glen Cove, pleaded guilty to disaster relief fraud and wire fraud in connection with his receipt of millions of dollars in small business loans under the Paycheck Protection Program (PPP) and Economic Injury Disaster Loan Program (EIDLP) on Friday, Nov. 12 in Central Islip. When sentenced, Zarkadas faces up to 30 years in pri…

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by Joe Lombardi