Fourteen people were arrested on May 28 for allegedly being involved in a scheme to fraudulently obtain over $25 million in COVID-19 relief funds and federally guaranteed small business loans, according to the Department of Justice (DOJ).
The individuals are among the 18 people charged in connection with the case. Four who have not yet been arrested are currently believed to be in Armenia, the DOJ said in a statement.
All of them are facing charges of conspiracy to defraud the government, false claims, wire fraud, bank fraud, money laundering, laundering of monetary instruments, monetary transactions involving property derived from specified unlawful activity, and structuring financial transactions to evade reporting requirements….