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A Bergen County man stole his dead brother’s identity to get a $150,000 COVID economic disaster loan, said federal authorities who arrested him Thursday.
Nathanael Zimmerman, 40, of Wyckoff also orchestrated a mortgage fraud scheme among applicants for Federal Housing Administration-FHA insured loans, submitting bogus bank statements and collecting a portion of the proceeds, Acting U.S. Attorney Rachael A. Honig said.
The loans defaulted and the U.S. Department of Housing and Urban Development lost more than $300,000, she said.
Last year, Zimmerman used his deceased brother’s personal identification information to obtain a U.S. Small Business Administration (SBA) Economic Injury Disaster Loan (EIDL) in his name, Honig said.
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