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False Statements on Loan Application

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Feds Pursue Bank Accounts, Mansion Bought By Bergen Lawyer With $9M In COVID Relief Funds Feds Pursue Bank Accounts, Mansion Bought By Bergen Lawyer With $9M In COVID Relief Funds
Feds Pursue Bank Accounts, Mansion Bought By Bergen Lawyer With $9M In COVID Relief Funds Federal authorities have moved to seize 11 bank accounts, an investment account and a million-dollar Cresskill home bought by a Cliffside Park lawyer accused of scamming lenders out of $9M intended for small businesses crippled by COVID-19. Jae H. Choi, 48, got the Paycheck Protection Program (PPP) funds from three lenders on behalf of non-existent businesses that he claimed provided educational services, an indictment returned by a grand jury in U.S. District Court in Newark alleges. Choi fabricated the existence of hundreds of employees, manipulated bank and tax records, and falsified a d…

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by Jerry DeMarco