Reports

Fourteen defendants – including San Fernando Valley and Glendale residents – were arrested on two federal criminal complaints alleging they fraudulently obtained more than $25 million in taxpayer-funded COVID-19 relief funds and federally-guaranteed small business loans.

A Georgia man was arrested today in connection with his role in 15 fraudulent COVID-19 relief loan applications administered by the U.S. Small Business Administration (SBA) Paycheck Protection Program (PPP) and Economic Injury Disaster Loan (EIDL) program, totaling more than $3.39 million in fraudulent loan proceeds.

On May 9, 2025, YASIR G. HAMED, 60, of Woodbridge, waived his right to be indicted and pleaded guilty before U.S. District Judge Stefan R. Underhill in Bridgeport to offenses stemming from a scheme to defraud a COVID-19 pandemic relief program of more than $2.3 million.

Fort Myers, Florida – U.S. District Judge Thomas J. Barber has sentenced Timothy Craig Jolloff (48, Fort Myers) and Lisa Ann Jolloff (58, Fort Myers) to eight years and one month, and three years, respectively, in federal prison for wire fraud, bank fraud and illegal monetary transactions. The Court also ordered the Jolloffs to pay $3.4 million in restitution to the Small Business Administration (SBA) and to forfeit $3.4 million which was the proceeds of the offense. The Jolloffs entered guilty pleas on April 24, 2024.

A federal grand jury has returned a 43-count indictment charging a music label owner and purported anti-gang activist who is a long-time leader of a South Los Angeles street gang with dozens of felonies, including fraud, robbery, extortion, tax evasion, embezzlement of donations to his charity that receives public money, and running a racketeering conspiracy in which he allegedly murdered an aspiring musician, the Justice Department announced today.