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Covid-19: Hudson Valley Man Admits To Stealing $4M In Relief Funds
A Hudson Valley man has pleaded guilty to conspiring to commit bank and wire fraud and admitted to obtaining more than $4 million meant for businesses struggling during the COVID-19 pandemic.
Ulster County resident Jean Lavanture, age 48, of Saugerties, also known as JR, and "Rudy" Lavanture, is the third person to plead guilty in this case, according to the US Attorney's Office.
In pleading guilty, Lavanture admitted to conspiring with another person to obtain $4,309,581 in Paycheck Protection Program loans between June and August 2020, by submitting fraudulent loan applications in the nam…