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Long Island Businesses, Homes Damaged During Severe Weather Eligible For Recovery Loans: Hochul Long Island Businesses, Homes Damaged During Severe Weather Eligible For Recovery Loans: Hochul
Long Island Businesses, Homes Damaged During Severe Weather Eligible For Recovery Loans: Hochul Businesses and homeowners on Long Island may be eligible for low-interest recovery loans to repair damage from severe wind and rain earlier in the year. The loans will be available for Long Islanders starting on Friday, March 15, according to an announcement by Gov. Kathy Hochul. “New Yorkers and their businesses should not have to carry the burden of storm recovery alone, and these loans will go a long way in helping those impacted build back better and stronger,” she said. The announcement comes nearly two months after a multi-hazard weather event hit much of the state and Long Island…

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by Sophie Grieser
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COVID-19: Glen Cove Doctor Sentenced For $3M Pandemic Loan Fraud Scam COVID-19: Glen Cove Doctor Sentenced For $3M Pandemic Loan Fraud Scam
Covid-19: Glen Cove Doctor Sentenced For $3M Pandemic Loan Fraud Scam A New York doctor will spend time behind bars after being sentenced for spending millions of dollars obtained through fraudulently obtained small business loans during the pandemic in an effort to live a luxury lifestyle. Long Island resident Konstantinos Zarkadas, who had a Nassau County practice in Glen Cove, was sentenced in federal court to 51 months in prison for fraudulently obtaining millions of dollars in COVID-19 emergency relief funds. In addition to his prison term, Zarkadas was also ordered to pay approximately $3.5 million in restitution after pleading guilty in November 2021 t…

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by Zak Failla
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COVID-19: Nassau Doctor Admits To Using $3M In Fraudulently Obtained Loans COVID-19: Nassau Doctor Admits To Using $3M In Fraudulently Obtained Loans
Covid-19: Nassau Doctor Admits To Using $3M In Fraudulently Obtained Loans 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