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Tech Exec Pleads Guilty to PPP Fraud
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Ex-Microsoft director pleads guilty to wire fraud in US
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Mukund Mohan invented employees, financial figures in application forms Share
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A former Microsoft executive has admitted he tried to rip off the US government by claiming $5.5m in COVID-19 funding for a string of fake businesses.
Washington-based Mukund Mohan, 48, was charged with one count of wire fraud and one count of money laundering in July. And it all centers around loans from Uncle Sam s Paycheck Protection Program (PPP), which was designed to help companies keep staff on the payroll during the hard times of the pandemic.
Four women, including TV star, thought they were investing in a software business. It was a scam. Now the perp s going to jailREAD MORE
Washington tech executive pleads guilty to wire fraud, money laundering
By AP News Staff
SEATTLE - A Washington state tech executive has pleaded guilty to wire fraud and money laundering after trying to obtain $5.5 million in Paycheck Protection Program loans and laundering some of the proceeds, federal prosecutors said.
Mukund Mohan of Clyde Hill was charged in July 2020 and agreed to a plea deal on Monday, Acting U.S. Attorney Tessa Gorman said in a statement. He’s scheduled to be sentenced July 20.
Mohan submitted at least eight fake PPP loan applications for six different companies to federally insured financial institutions, according to the plea agreement and court records. He made false and misleading statements about the companies to support the fake applications.