The Brief
- The U.S. Attorney’s Office in Atlanta said 49-year-old Carl Delano Torjagbo was convicted of several crimes after obtaining a fraudulent $9.6 million PPP loan and filing fraudulent tax returns that generated a $3.4 million IRS refund.
- Instead of using it for what he stated he would, prosecutors said he used the loan and the fraudulently obtained tax refund to pay personal debts and expenses.
- Sentencing is scheduled for 10:00 a.m. on November 3.
ATLANTA – A Marietta man was convicted of illegally using a Paycheck Protection Program loan to buy millions of dollars worth of stuff for himself, according to prosecutors. He was also convicted of tax-related crimes.
What we know:
The U.S. Attorney’s Office in Atlanta said 49-year-old Carl Delano Torjagbo, also known as Karl Lucius Delano, was convicted of bank fraud, wire fraud and money laundering after obtaining a fraudulent $9.6 million PPP loan and filing fraudulent tax returns that generated a $3.4 million IRS refund.…