UpdatedTue, May 11, 2021 at 9:42 pm ET
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Diakhate allegedly used a portion of COVID relief funds for various personal expenses. (Shutterstock)
STAMFORD, CT A Stamford man was arrested on Monday on a federal complaint charging him with bank and wire fraud offenses related to his receipt of $2.9 million in COVID-19 relief funds from the U.S. Small Business Administration (SBA), according to a news release. The funds were guaranteed by the SBA under the Coronavirus Aid, Relief, and Economic Security (CARES) Act.
Moustapha Diakhate, 45, appeared Monday afternoon before a U.S. Magistrate court in Bridgeport, and was ordered to be detained.