Valley Stream Ex-NYPD Detective Sentenced to 4 Years in $3 Million COVID Loan Fraud Scheme

A former New York City police detective from Valley Stream has been sentenced to four years in federal prison for helping dozens of people obtain fraudulent COVID-19 relief loans through the Paycheck Protection Program.

John Bolden, 47, was sentenced Wednesday by Judge Diane Gujarati in federal court in Brooklyn after previously pleading guilty to conspiracy to commit wire fraud on Feb. 18, 2026, according to the U.S. Attorney’s Office for the Eastern District of New York.

Federal prosecutors said Bolden used his ownership interest in a tax preparation franchise to help more than 65 individuals obtain fraudulent PPP loans between May 2020 and October 2022…

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