Details Written by IVN
San Jose, California - A California man was arrested Friday on criminal charges related to his alleged scheming to submit fraudulent loan applications seeking millions of dollars in Paycheck Protection Program (PPP) and Economic Injury Disaster Loan (EIDL) COVID-19 relief funds.
According to an indictment returned last week by a federal grand jury in San Francisco and unsealed today, Lebnitz Tran, 40, of San Jose, submitted at least 27 PPP loan applications and at least seven EIDL loan applications on behalf of multiple persons and business entities, using false and fictitious information and documents, including falsified employee information, fictitious or grossly exaggerated payroll figures, and fake tax documents. The indictment alleges that Tran sought in excess of $8 million in PPP and EIDL funds, obtained over $3.6 million in illicit loan proceeds, and ultimately netted approximately $2 million from the scheme. The indictment fu
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).
Updated on July 10, 2021 at 9:54 pm
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A federal grand jury has indicted a San Jose man in connection with a scheme to submit dozens of fraudulent applications that allegedly netted him $2 million in Paycheck Protection Program and Economic Injury Disaster Loan COVID-19 relief funds, Acting United States Attorney Stephanie Hinds announced Friday.
Lebnitz Tran, 40, who was arrested on Friday, faces six counts of wire fraud and three counts of bank fraud, prosecutors said. Download our mobile app for iOS or Android to get the latest breaking news and local stories.
Tran submitted at least 27 Paycheck Protection Plan loan applications and at least seven Economic Injury Disaster Loan applications using fictitious information and falsified documents, prosecutors said.
Details Written by Imperial Valley News
San Francisco, California - A California man was arrested Thursday on criminal charges related to his alleged scheming to submit fraudulent loan applications seeking millions of dollars in Paycheck Protection Program (PPP) and Economic Injury Disaster Loan (EIDL) COVID-19 relief funds.
According to an indictment returned last week by a federal grand jury in San Francisco, and unsealed today, Lebnitz Tran, 40, of San Jose, submitted at least 27 PPP loan applications and at least seven EIDL loan applications on behalf of multiple persons and business entities, using false and fictitious information and documents, including falsified employee information, fictitious or grossly exaggerated payroll figures, and fake tax documents. The indictment alleges that Tran sought in excess of $8 million in PPP and EIDL funds, obtained over $3.6 million in illicit loan proceeds, and ultimately netted approximately $2 million from the