FBI Hunting LA Couple Who Cut Off Ankle Tags and Fled After Defrauding $21M of PPP Loans

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FBI Hunting LA Couple Who Cut Off Ankle Tags and Fled After Defrauding $21M of PPP Loans
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Their lawyer had successfully convinced a judge they weren't a flight risk – whoops! (via toofab)

A Los Angeles couple who defrauded the government of $21million worth of PPP loans during the pandemic are on the run, according to the FBI.

Ayvazyan — the leader of the group which also included six other family members and friends — and his wife were convicted on June 25 by a federal jury in Los Angeles.Investigators found they had used stolen identities to set up bank accounts, submitted phony payrolls and forged tax returns to claim emergency funds meant to help sinking businesses as the coronavirus torpedoed the economy.

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