Georgian man accused of obtaining $ 2.6 million in fraudulent loans – WSB-TV Channel 2

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CICAMORE, Georgia. – Justice Department officials said one Georgia man was indicted after allegedly receiving $ 2.6 million in federal PP loans for businesses may not have existed.

Anthony Boncimino, 46, who lives in Sycamore in southwest Georgia, was indicted on July 8 on four counts of bank fraud, money laundering and false statements.

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According to the indictment, Boncimino filed at least four fraudulent loan applications on behalf of shell companies, although the companies did not suffer any losses.

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Government officials said the businesses either did not exist, did not do business, or only existed on paper.

“Fraudsters trying to make money during a global pandemic will face the possibility of being prosecuted for their crimes,” said Peter D. Leary, acting US attorney for the Middle District of Georgia.

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Boncimino faces a total of 45 years in prison.





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