{"id":59343,"date":"2025-08-07T19:37:13","date_gmt":"2025-08-08T02:37:13","guid":{"rendered":"https:\/\/cjnotebook.com\/?p=59343"},"modified":"2025-08-07T19:37:13","modified_gmt":"2025-08-08T02:37:13","slug":"california-ceo-gets-nearly-4-years-for-7-million-covid-19-relief-fraud","status":"publish","type":"post","link":"https:\/\/cjnotebook.com\/?p=59343","title":{"rendered":"California CEO Gets Nearly 4 Years for $7 Million COVID-19 Relief Fraud"},"content":{"rendered":"<p style=\"text-align: center;\" data-start=\"0\" data-end=\"271\"><span style=\"font-size: 20px;\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-13095 alignleft\" src=\"https:\/\/cjnotebook.com\/wp-content\/uploads\/2015\/06\/U.S.-Small-Business-Administration-300x131.jpeg\" alt=\"\" width=\"300\" height=\"131\" srcset=\"https:\/\/cjnotebook.com\/wp-content\/uploads\/2015\/06\/U.S.-Small-Business-Administration-300x131.jpeg 300w, https:\/\/cjnotebook.com\/wp-content\/uploads\/2015\/06\/U.S.-Small-Business-Administration.jpeg 400w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/>California man <strong data-start=\"15\" data-end=\"31\">Abraham Park<\/strong>, 67, of La Mirada, was sentenced to <strong data-start=\"68\" data-end=\"91\">46 months in prison<\/strong> and ordered to pay <strong data-start=\"111\" data-end=\"140\">$6.99 million in restitution<\/strong> and <strong data-start=\"145\" data-end=\"168\">$535,041 in forfeiture<\/strong> for defrauding the Small Business Administration\u2019s COVID-Reflief <strong data-start=\"220\" data-end=\"260\">Economic Injury Disaster Loan (EIDL)<\/strong> program, federal officials announced Thursday.<\/span><\/p>\n<p style=\"text-align: center;\" data-start=\"273\" data-end=\"536\"><span style=\"font-size: 20px;\">From <strong data-start=\"278\" data-end=\"308\">March 2020 to October 2022<\/strong>, officials stated that Park\u2014owner and CEO of a financial services company\u2014<strong data-start=\"361\" data-end=\"408\">filed over 120 fraudulent EIDL applications<\/strong> for himself, family members, and clients, advising them to create fake corporations. He took kickbacks from the funded loans.<\/span><\/p>\n<p style=\"text-align: center;\" data-start=\"538\" data-end=\"707\" data-is-last-node=\"\" data-is-only-node=\"\"><span style=\"font-size: 20px;\">In total, <strong data-start=\"548\" data-end=\"574\">73 loans were approved<\/strong>, causing nearly <strong data-start=\"591\" data-end=\"615\">$7 million in losses<\/strong> to the SBA. Park pleaded guilty on <strong data-start=\"651\" data-end=\"663\">March 20<\/strong> to <strong data-start=\"667\" data-end=\"681\">wire fraud<\/strong> and <strong data-start=\"686\" data-end=\"706\">money laundering<\/strong>.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>California man Abraham Park, 67, of La Mirada, was sentenced to 46 months in prison and ordered to pay $6.99 million in restitution and $535,041 in forfeiture for defrauding the Small Business&#8230;<\/p>\n","protected":false},"author":1,"featured_media":59344,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-59343","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>California CEO Gets Nearly 4 Years for $7 Million COVID-19 Relief Fraud<\/title>\n<meta name=\"description\" content=\"California man Abraham Park, 67, of La Mirada, was sentenced to 46 months in prison and ordered to pay $6.99 million in restitution and $535,041 in\" \/>\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=59343\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"California CEO Gets Nearly 4 Years for $7 Million COVID-19 Relief Fraud\" \/>\n<meta property=\"og:description\" content=\"California man Abraham Park, 67, of La Mirada, was sentenced to 46 months in prison and ordered to pay $6.99 million in restitution and $535,041 in\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cjnotebook.com\/?p=59343\" \/>\n<meta property=\"og:site_name\" content=\"American Justice 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