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Massachusetts manfraudulently scams about $ 1.2 million in federal loans aimed at helping businesses struggling with the COVID-19 pandemic I agreed to plead guilty to the acquisition.
Between April 2020 and September 2021, James Joseph Cohen, 59, of Wenham, said the federal prosecutor said that the revenues, number of employees, and number of employees of the two companies he manages, and I have submitted six false applications that exaggerated my salary. ..
In one case, he said, according to court documents, the company's annual revenue was $ 2.8 million, even though it had no annual revenue.
Two men charged in connection with a 16-year-old shooting
He used the money to get a personal loan I paid a business loan. According to law enforcement agencies, mortgages, car payments, tuition fees,, andto the main resort were not allowed under loan rules.
Massachusetts man convicted of COVID-19 fraud I agreed to admit
There is no scheduled date for him to plea the bank fraud.
Cohen's federal lawyer said he had no comments.
SC nurse admits COVID vaccine card fraud
He can face up to 30 years in prison onThe defense and the prosecution have agreed to a 12-month probation and a full refund of nearly $ 1.2 million, according to court documents, though it may be a bank fraud charge.
