A Los Angeles man was arrested on a federal grand jury indictment alleging he fraudulently obtained nearly $3.2 million in COVID-19 loans for his businesses.
man was arrested on a federal grand jury indictment alleging he fraudulently obtained nearly $3.2 million in COVID-19 loans for his businesses, the Justice Department announced.
According to a federal grand jury indictment, Shehata organized and registered four limited liability companies that purportedly operated in Marina del Rey: Shirmak Group LLC; Cynergy Group Internatioal LLC; Global Network Investments LLC; and Alpha and Omega Group LLC. Officials say the PPP loans were to be used by recipients to pay only certain authorized business expenses, such as payroll, mortgage interest, lease, and utilities. However, Shehata’s four businesses were nothing more than shell companies, the indictment alleges.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Another taco stand robbed in South Los Angeles following string of violent theftsAnother taco stand was robbed overnight in South Los Angeles, an area that in recent weeks has seen a string of violent and unprovoked robberies targeting street vendors.
Read more »
'Playing With Human Lives': Los Angeles Mayor Rips GOP Texas Gov. Over Migrant Stunt'It is abhorrent that an American elected official is using human beings as pawns in his cheap political games,' MayorofLA said of Greg Abbott.
Read more »
Sanctuary city Los Angeles decries Abbott for busing migrants from Texas: 'It is abhorrent'Democratic politicians in Los Angeles attacked GovAbbott for sending a bus of immigrants who were released into Texas border towns to the sanctuary state of California. 'It is abhorrent,' MayorOfLA Karen Bass said.
Read more »
Los Angeles Mayor Karen Bass calls Texas migrant but stunt ‘dispicable’A group of migrants who arrived by bus in downtown Los Angeles on Wednesday were sent from Texas in a move the city’s mayor called a “despicable stunt” by a Republican governor.
Read more »
U.S. Open: Rickie Fowler, Xander Schauffele go historically low early Thursday in Los AngelesLOS ANGELES — The U.S. Open is finally here, and both Rickie Fowler and Xander Schauffele didn't waste any time.
Read more »