Two Sentenced for Laundering $700K from NJ Resident and Loan Fraud

Sentences stem from a business email scam involving a Bergen County victim and misuse of COVID-19 relief funds, as part of a federal fraud strike force crackdown.

NEWARK, NJ — Two California men have been sentenced to federal prison terms for their roles in a money laundering conspiracy that defrauded a Bergen County resident and misused funds from the Small Business Administration’s (SBA) Economic Injury Disaster Loan (EIDL) program, according to U.S. Attorney Alina Habba.

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