Stimulus Fraud Nets California Man $3.6M As Others Await Fourth Payments By Danielle Ong
on July 12 2021 10:53 AM Economic stimulus checks are prepared for printing at the Philadelphia Financial Center May 8, 2008 in Philadelphia, Pennsylvania. One hundred and thirty million households are eligible to receive a tax rebate check under the $168 billion economic stimulus plan.
Authorities for the Department of Justice arrested a California man in connection with a fraud that netted him $3.6 million in COVID-19 relief funds as many await another round of stimulus checks.
Lebnitz Tran, 40, of San Jose, was arrested on Thursday after allegedly submitting 27 fraudulent loan applications for the government’s Paycheck Protection Program (PPP) and at least seven for the Economic Injury Disaster Loan (EIDL).
Stimulus Fraud Nets Man $3.6 Million As Others Await Fourth Direct Payments
KEY POINTS
The perpetrator used the illicit funds to purchase a $100,000 Tesla
The fraud scheme comes as a petition for more stimulus checks continue to gain momentum
Authorities for the Department of Justice arrested a California man in connection with a fraud that netted him $3.6 million in COVID-19 relief funds as many await another round of stimulus checks.
Lebnitz Tran, 40, of San Jose, was arrested on Thursday after allegedly submitting 27 fraudulent loan applications for the government’s Paycheck Protection Program (PPP) and at least seven for the Economic Injury Disaster Loan (EIDL).