North Carolina father and son charged with PPP fraud
A newly unsealed indictment identifies a local conspiracy, involving three companies, to commit more than $1.7 million in Paycheck Protection Program fraud.
Author: Nate Morabito
Updated: 2:24 PM EST December 17, 2020
WAXHAW, N.C. — A Waxhaw, North Carolina, father and his son are facing federal charges in connection to allegedly fraudulently securing more than $1.7 million in Paycheck Protection Program loans.
The U.S. Attorney's Office said in a newly unsealed indictment that 55-year-old Izzat Freitekh and his 33-year-old son Tarik Freitekh are charged with one count of conspiracy to commit wire fraud and one count of bank fraud. Prosecutors said Izzat is also charged with one count of false statements.