Defendant created fake painting company after pandemic began, fabricated tax records to obtain federal disaster and payroll loans
FRANKFORT, Ky. — A Lexington man pleaded guilty Monday in federal court to wire fraud and money laundering after admitting he invented a painting company, fabricated its financial records and used the fictitious business to steal more than $132,000 in COVID-19 pandemic relief funds that he spent on real estate, a vehicle and luxury goods in Las Vegas.
Antoine Adams Jr. entered the plea before U.S. District Judge Gregory F. Van Tatenhove in Frankfort, waiving his right to a grand jury indictment and accepting a two-count federal information, according to court records filed in the Eastern District of Kentucky (Case No. 5:26-cr-00030-GFVT)…