GRAND RAPIDS, Mich. (WOOD) — An Oakland County man has pleaded guilty to charges connected to a pandemic-related fraud scheme.
The U.S. Attorney’s Office for the Eastern District of Michigan announced that 45-year-old Jabari Long, of Beverly Hills, pleaded guilty Tuesday to one count of wire fraud affecting a financial institution.
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According to federal prosecutors, Long submitted fraudulent loan applications to the Paycheck Protection Program and the Economic Injury Disaster Loans.
“Long received $2,187,000 in federal loans for Priceless Preservations Construction, a company that Long claimed had 50 employees and an average monthly payroll of $875,000,” the U.S. Attorney’s Office said in a statement. “In truth, Priceless Preservations Construction had few, if any, employees and little to no payroll expenses.”…