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Tag: SBA Economic Injury Disaster Loans
Dumb Smartphone Scheme Could Send Acton Man To Prison For Decades: Feds
An Acton man this week admitted using several stolen identities to steal nearly half a million dollars in COVID-19 relief money and laundered the cash by buying and reselling iPhones, federal authorities said.
Edwin Acevedo, 36, pleaded guilty to one count of conspiracy to commit wire fraud and one count of wire fraud, the US Attorney for Massachusetts said. Both charges carry a potential 20-year prison sentence, the prosecutor noted.
Federal investigators said Acevedo and a partner, Hector Garcia, 49, of Manchester, NH, concocted a scheme that netted them $452,000 in&…
