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COVID-19: NY Doctor Sentenced For Using $3M In Fraudulently Obtained Loans On Luxury Items COVID-19: NY Doctor Sentenced For Using $3M In Fraudulently Obtained Loans On Luxury Items
Covid-19: NY Doctor Sentenced For Using $3M In Fraudulently Obtained Loans On Luxury Items 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: 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
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COVID-19: Molinaro To Host Coronavirus Telephone Town Hall With Local Business Community COVID-19: Molinaro To Host Coronavirus Telephone Town Hall With Local Business Community
Covid-Hall With Local Business Community In an effort to keep local businesses and leaders up to date on the ever-changing numbers and rules associated with the novel coronavirus (COVID-19), Dutchess County Executive Marc Molinaro will host a telephone Town Hall meeting. The event is scheduled for 1 p.m., Friday, March 20 and will provide updates on the county's response to the evolving pandemic, its economic impacts and relief efforts, as well as answer participants’ questions.  “Given this unprecedented health situation, we in Dutchess County Government understand the hardships being faced by our own business community, and…

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by Kathy Reakes