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Tag: COVID-19 emergency relief funds
NJ: Cliffside Park Lawyer Created Fake Companies, Got $9 Million In COVID Loans, Bought Mansion
A Cliffside Park lawyer scammed lenders out of $9M in COVID-relief loans by creating records for bogus businesses he claimed to control, then spent the money on a $1 million home in Cresskill and millions more in stock market investments, authorities charged.
Jae H. Choi, 48, “fabricated the existence of hundreds of employees, manipulated bank and tax records, and falsified a driver’s license on the applications,” U.S. Attorney Craig Carpenito said.
Choi told the lenders that he paid $3 million in monthly wages to hundreds of employees in the non-existent companies, Carpenito said.
Lenders…
