LA residents among 14 arrested for allegedly stealing $25M in COVID relief, small business loans

Los Angeles area residents were among 14 people arrested Wednesday for allegedly stealing more than $25 million in COVID-19 relief funds and federal small business loans, prosecutors said Thursday.

A total of 18 people, including four who are believed to be in Armenia, were named in two federal complaints, according to the U.S. Department of Justice.

They are charged with conspiracy to defraud the government with respect to claims; false, fictitious or fraudulent claims; wire fraud and attempted wire fraud; bank fraud and attempted bank fraud; money laundering conspiracy and other charges…

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