{"id":42299,"date":"2021-03-12T07:36:31","date_gmt":"2021-03-12T15:36:31","guid":{"rendered":"https:\/\/cjnotebook.com\/?p=42299"},"modified":"2021-03-12T07:36:31","modified_gmt":"2021-03-12T15:36:31","slug":"defendants-allegedly-submitted-150-fraudulent-loan-applications-to-get-21-9-million-in-covid-relief-money","status":"publish","type":"post","link":"https:\/\/cjnotebook.com\/?p=42299","title":{"rendered":"Defendants Allegedly Submitted 150 Fraudulent Loan Applications to Get $21.9 Million in COVID-Relief Money"},"content":{"rendered":"
\n
\n
\n

LOS ANGELES<\/strong><\/span><\/p>\n

A federal grand jury in Los Angeles charged four more defendants for their alleged participation in a scheme to submit over 150 fraudulent loan applications seeking over $21.9 million in COVID-19 relief funds, officials announced Friday.<\/span><\/p>\n

\"woman<\/a>Manuk Grigoryan, 27, of Sun Valley, California; Arman Hayrapetyan, 38, of Glendale, California; Edvard Paronyan, 40, of Granada Hills, California; and Vahe Dadyan, 41, of Glendale, were each charged in a superseding indictment.<\/span><\/p>\n

They are charged with one count of conspiracy to commit wire fraud and bank fraud and one count of conspiracy to commit money laundering.<\/span><\/p>\n

Grigoryan, Hayrapetyan, and Paronyan were each also charged with 11 counts of wire fraud and eight counts of bank fraud. <\/span><\/p>\n

\"gray<\/a>\"gray<\/a>\"\"<\/a>In addition, Grigoryan and Hayrapetyan were each charged with one count of aggravated identity theft. <\/span><\/p>\n

Vahe Dadyan was charged with six counts of wire fraud, three counts of bank fraud, and one count of money laundering.<\/span><\/p>\n

If convicted, each defendant faces a maximum penalty of 30 years in prison.\u00a0 All defendants are presumed innocent unless proven guilty.\u00a0<\/span><\/p>\n

\"FBI<\/a>
FBI Photo Image<\/figcaption><\/figure>\n

According to the indictment, the defendants allegedly conspired together, and with others, as part of a disaster-relief loan fraud ring based in and around Los Angeles, California.<\/span><\/p>\n

They used the fraudulently obtained funds as down payments on luxury homes and to buy gold coins, diamonds, jewelry, luxury watches, fine imported furnishings, designer handbags and clothing, cryptocurrency, and securities.<\/span><\/p>\n

The superseding indictment adds charges to\u00a0previously charged co-defendants Richard Ayvazyan, Marietta Terabelian, Artur Ayvazyan, and Tamara Dadyan<\/a>\u00a0for wire fraud, bank fraud, conspiracy to commit money laundering, and aggravated identity theft.<\/span><\/p>\n

\"\"<\/a>Richard Ayvazyan and Tamara Dadyan are also charged with committing crimes while they were released on bond awaiting trial. <\/span><\/p>\n

Richard Ayvazyan is charged with five counts of money laundering, and Tamara Dadyan is charged with one count of attempted bank fraud. <\/span><\/p>\n

The superseding indictment alleges that Richard Ayvazyan continued to use his alias \u201cIuliia Zhadko\u201d to launder the proceeds of the scheme, including by using the money to buy cryptocurrency and securities. <\/span><\/p>\n

As alleged, Tamara Dadyan repeatedly lied to a bank as part of a scheme to unlawfully obtain disaster-relief funds that had been frozen in an account that she had fraudulently opened using a stolen identity.<\/span><\/p>\n

The CARES Act is a federal law enacted on March 29, 2020, designed to provide emergency financial assistance to the millions of Americans who are suffering the economic effects caused by the COVID-19 pandemic. <\/span><\/p>\n

One source of relief provided by the CARES Act was the authorization of up to $349 billion in forgivable loans to small businesses for job retention and certain other expenses through the PPP, and $10 billion in low-interest loans to small businesses through the EIDL program. <\/span><\/p>\n

In April 2020, Congress authorized over $300 billion in additional PPP funding and $10 billion in additional EIDL funding, and in December 2020, Congress authorized another $284 billion in additional PPP funding.<\/span><\/p>\n

The PPP allows qualifying small businesses and other organizations to receive loans with a maturity of two years and an interest rate of 1%. <\/span><\/p>\n

PPP loan proceeds must be used by businesses for payroll costs, interest on mortgages, rent, and utilities. <\/span><\/p>\n

The PPP allows the interest and principal to be forgiven if businesses spend the proceeds on these expenses within a set time period and use at least a certain percentage of the loan towards payroll expenses.<\/span><\/p>\n

DOJ NOTED:<\/strong><\/p>\n

The Fraud Section leads the Department of Justice\u2019s prosecution of fraud schemes that exploit the CARES Act. In the months since the CARES Act was passed, Fraud Section attorneys have prosecuted more than 100 defendants in more than 70 criminal cases. <\/span><\/p>\n

The Fraud Section has also seized more than $65 million in cash proceeds derived from fraudulently obtained PPP and EIDL funds, as well as numerous real-estate properties and luxury items purchased with such proceeds. <\/span><\/p>\n

More information can be found at:\u00a0https:\/\/www.justice.gov\/criminal-fraud\/cares-act-fraud<\/a>.<\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

LOS ANGELES A federal grand jury in Los Angeles charged four more defendants for their alleged participation in a scheme to submit over 150 fraudulent loan applications seeking over $21.9 million in…<\/p>\n","protected":false},"author":1,"featured_media":39380,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3255],"tags":[],"class_list":["post-42299","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-federal-court"],"yoast_head":"\nDefendants Allegedly Submitted 150 Fraudulent Loan Applications to Get $21.9 Million in COVID-Relief Money<\/title>\n<meta name=\"description\" content=\"LOS ANGELES A federal grand jury in Los Angeles charged four more defendants for their alleged participation in a scheme to submit over 150 fraudulent\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cjnotebook.com\/?p=42299\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Defendants Allegedly Submitted 150 Fraudulent Loan Applications to Get $21.9 Million in COVID-Relief Money\" \/>\n<meta property=\"og:description\" content=\"LOS ANGELES A federal grand jury in Los Angeles charged four more defendants for their alleged participation in a scheme to submit over 150 fraudulent\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cjnotebook.com\/?p=42299\" \/>\n<meta property=\"og:site_name\" content=\"American Justice Notebook\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AmericanJusticeNotebook\" \/>\n<meta property=\"article:published_time\" content=\"2021-03-12T15:36:31+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cjnotebook.com\/wp-content\/uploads\/2020\/04\/Coronavirus-Scams-1024x576-1.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"576\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Raul\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Raul\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/cjnotebook.com\\\/?p=42299#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/cjnotebook.com\\\/?p=42299\"},\"author\":{\"name\":\"Raul\",\"@id\":\"https:\\\/\\\/cjnotebook.com\\\/#\\\/schema\\\/person\\\/f5521baddca77b521f012298775186c0\"},\"headline\":\"Defendants Allegedly Submitted 150 Fraudulent Loan Applications to Get $21.9 Million in COVID-Relief Money\",\"datePublished\":\"2021-03-12T15:36:31+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/cjnotebook.com\\\/?p=42299\"},\"wordCount\":649,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/cjnotebook.com\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/cjnotebook.com\\\/?p=42299#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cjnotebook.com\\\/wp-content\\\/uploads\\\/2020\\\/04\\\/Coronavirus-Scams-1024x576-1.png\",\"articleSection\":[\"Federal Court\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/cjnotebook.com\\\/?p=42299#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/cjnotebook.com\\\/?p=42299\",\"url\":\"https:\\\/\\\/cjnotebook.com\\\/?p=42299\",\"name\":\"Defendants Allegedly Submitted 150 Fraudulent Loan Applications to Get $21.9 Million in COVID-Relief Money\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/cjnotebook.com\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/cjnotebook.com\\\/?p=42299#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/cjnotebook.com\\\/?p=42299#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cjnotebook.com\\\/wp-content\\\/uploads\\\/2020\\\/04\\\/Coronavirus-Scams-1024x576-1.png\",\"datePublished\":\"2021-03-12T15:36:31+00:00\",\"description\":\"LOS ANGELES A federal grand jury in Los Angeles charged four more defendants for their alleged participation in a scheme to submit over 150 fraudulent\",\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/cjnotebook.com\\\/?p=42299\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/cjnotebook.com\\\/?p=42299#primaryimage\",\"url\":\"https:\\\/\\\/cjnotebook.com\\\/wp-content\\\/uploads\\\/2020\\\/04\\\/Coronavirus-Scams-1024x576-1.png\",\"contentUrl\":\"https:\\\/\\\/cjnotebook.com\\\/wp-content\\\/uploads\\\/2020\\\/04\\\/Coronavirus-Scams-1024x576-1.png\",\"width\":1024,\"height\":576},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/cjnotebook.com\\\/#website\",\"url\":\"https:\\\/\\\/cjnotebook.com\\\/\",\"name\":\"American Justice Notebook\",\"description\":\""Our liberty depends on the freedom of the press, and that cannot be limited without being lost." \u2014 Thomas Jefferson\",\"publisher\":{\"@id\":\"https:\\\/\\\/cjnotebook.com\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/cjnotebook.com\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/cjnotebook.com\\\/#organization\",\"name\":\"American Justice Notebook\",\"url\":\"https:\\\/\\\/cjnotebook.com\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/cjnotebook.com\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/cjnotebook.com\\\/wp-content\\\/uploads\\\/2014\\\/07\\\/Justice-Scales.jpg\",\"contentUrl\":\"https:\\\/\\\/cjnotebook.com\\\/wp-content\\\/uploads\\\/2014\\\/07\\\/Justice-Scales.jpg\",\"width\":675,\"height\":231,\"caption\":\"American Justice Notebook\"},\"image\":{\"@id\":\"https:\\\/\\\/cjnotebook.com\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.facebook.com\\\/AmericanJusticeNotebook\"]},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/cjnotebook.com\\\/#\\\/schema\\\/person\\\/f5521baddca77b521f012298775186c0\",\"name\":\"Raul\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/c7f80bd073aca2abc2fc18e390e13d00b72d9d3a81bca4fd53e3567b02efee6f?s=96&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/c7f80bd073aca2abc2fc18e390e13d00b72d9d3a81bca4fd53e3567b02efee6f?s=96&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/c7f80bd073aca2abc2fc18e390e13d00b72d9d3a81bca4fd53e3567b02efee6f?s=96&r=g\",\"caption\":\"Raul\"},\"description\":\"Raul Hernandez is a former journalist. He has worked as a newspaper reporter for more than 30 years at the El Paso Herald-Post, El Paso Times, Press Enterprise in Riverside, California and the Ventura County Star in California. He was a court reporter for more than 20 years.\",\"sameAs\":[\"https:\\\/\\\/cjnotebook.com\\\/\"]}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Defendants Allegedly Submitted 150 Fraudulent Loan Applications to Get $21.9 Million in COVID-Relief Money","description":"LOS ANGELES A federal grand jury in Los Angeles charged four more defendants for their alleged participation in a scheme to submit over 150 fraudulent","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/cjnotebook.com\/?p=42299","og_locale":"en_US","og_type":"article","og_title":"Defendants Allegedly Submitted 150 Fraudulent Loan Applications to Get $21.9 Million in COVID-Relief Money","og_description":"LOS ANGELES A federal grand jury in Los Angeles charged four more defendants for their alleged participation in a scheme to submit over 150 fraudulent","og_url":"https:\/\/cjnotebook.com\/?p=42299","og_site_name":"American Justice Notebook","article_publisher":"https:\/\/www.facebook.com\/AmericanJusticeNotebook","article_published_time":"2021-03-12T15:36:31+00:00","og_image":[{"width":1024,"height":576,"url":"https:\/\/cjnotebook.com\/wp-content\/uploads\/2020\/04\/Coronavirus-Scams-1024x576-1.png","type":"image\/png"}],"author":"Raul","twitter_misc":{"Written by":"Raul","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/cjnotebook.com\/?p=42299#article","isPartOf":{"@id":"https:\/\/cjnotebook.com\/?p=42299"},"author":{"name":"Raul","@id":"https:\/\/cjnotebook.com\/#\/schema\/person\/f5521baddca77b521f012298775186c0"},"headline":"Defendants Allegedly Submitted 150 Fraudulent Loan Applications to Get $21.9 Million in COVID-Relief Money","datePublished":"2021-03-12T15:36:31+00:00","mainEntityOfPage":{"@id":"https:\/\/cjnotebook.com\/?p=42299"},"wordCount":649,"commentCount":0,"publisher":{"@id":"https:\/\/cjnotebook.com\/#organization"},"image":{"@id":"https:\/\/cjnotebook.com\/?p=42299#primaryimage"},"thumbnailUrl":"https:\/\/cjnotebook.com\/wp-content\/uploads\/2020\/04\/Coronavirus-Scams-1024x576-1.png","articleSection":["Federal Court"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/cjnotebook.com\/?p=42299#respond"]}]},{"@type":"WebPage","@id":"https:\/\/cjnotebook.com\/?p=42299","url":"https:\/\/cjnotebook.com\/?p=42299","name":"Defendants Allegedly Submitted 150 Fraudulent Loan Applications to Get $21.9 Million in COVID-Relief Money","isPartOf":{"@id":"https:\/\/cjnotebook.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/cjnotebook.com\/?p=42299#primaryimage"},"image":{"@id":"https:\/\/cjnotebook.com\/?p=42299#primaryimage"},"thumbnailUrl":"https:\/\/cjnotebook.com\/wp-content\/uploads\/2020\/04\/Coronavirus-Scams-1024x576-1.png","datePublished":"2021-03-12T15:36:31+00:00","description":"LOS ANGELES A federal grand jury in Los Angeles charged four more defendants for their alleged participation in a scheme to submit over 150 fraudulent","inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/cjnotebook.com\/?p=42299"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/cjnotebook.com\/?p=42299#primaryimage","url":"https:\/\/cjnotebook.com\/wp-content\/uploads\/2020\/04\/Coronavirus-Scams-1024x576-1.png","contentUrl":"https:\/\/cjnotebook.com\/wp-content\/uploads\/2020\/04\/Coronavirus-Scams-1024x576-1.png","width":1024,"height":576},{"@type":"WebSite","@id":"https:\/\/cjnotebook.com\/#website","url":"https:\/\/cjnotebook.com\/","name":"American Justice Notebook","description":""Our liberty depends on the freedom of the press, and that cannot be limited without being lost." \u2014 Thomas Jefferson","publisher":{"@id":"https:\/\/cjnotebook.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/cjnotebook.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/cjnotebook.com\/#organization","name":"American Justice Notebook","url":"https:\/\/cjnotebook.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/cjnotebook.com\/#\/schema\/logo\/image\/","url":"https:\/\/cjnotebook.com\/wp-content\/uploads\/2014\/07\/Justice-Scales.jpg","contentUrl":"https:\/\/cjnotebook.com\/wp-content\/uploads\/2014\/07\/Justice-Scales.jpg","width":675,"height":231,"caption":"American Justice Notebook"},"image":{"@id":"https:\/\/cjnotebook.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/AmericanJusticeNotebook"]},{"@type":"Person","@id":"https:\/\/cjnotebook.com\/#\/schema\/person\/f5521baddca77b521f012298775186c0","name":"Raul","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/c7f80bd073aca2abc2fc18e390e13d00b72d9d3a81bca4fd53e3567b02efee6f?s=96&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/c7f80bd073aca2abc2fc18e390e13d00b72d9d3a81bca4fd53e3567b02efee6f?s=96&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/c7f80bd073aca2abc2fc18e390e13d00b72d9d3a81bca4fd53e3567b02efee6f?s=96&r=g","caption":"Raul"},"description":"Raul Hernandez is a former journalist. He has worked as a newspaper reporter for more than 30 years at the El Paso Herald-Post, El Paso Times, Press Enterprise in Riverside, California and the Ventura County Star in California. He was a court reporter for more than 20 years.","sameAs":["https:\/\/cjnotebook.com\/"]}]}},"_links":{"self":[{"href":"https:\/\/cjnotebook.com\/index.php?rest_route=\/wp\/v2\/posts\/42299","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cjnotebook.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cjnotebook.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cjnotebook.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cjnotebook.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=42299"}],"version-history":[{"count":1,"href":"https:\/\/cjnotebook.com\/index.php?rest_route=\/wp\/v2\/posts\/42299\/revisions"}],"predecessor-version":[{"id":42301,"href":"https:\/\/cjnotebook.com\/index.php?rest_route=\/wp\/v2\/posts\/42299\/revisions\/42301"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cjnotebook.com\/index.php?rest_route=\/wp\/v2\/media\/39380"}],"wp:attachment":[{"href":"https:\/\/cjnotebook.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=42299"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cjnotebook.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=42299"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cjnotebook.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=42299"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}