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Covid-19: NJ Man, 51, Scammed $1.9 Million From Business Relief Funds, U.S. Attorney Says
A Sussex County man was arrested Thursday on accusations of having obtained nearly $2 million in fraudulent loans through the federal government’s COVID-19 business relief plan.
John Jhong, of Sparta, applied for 10 fraudulent PPP loans for businesses of which he claimed to be an owner, manager and/or partner, according to a statement from New Jersey Acting U.S. Attorney Rachael A. Honig.
Jhong’s applications contained fraudulent statements and falsified records claiming to come from the IRS, authorities said.
“In fact, according to IRS records, none of the tax documents Jhong submitted wi…