Reports

A San Dimas man pleaded guilty today to a federal criminal charge that he fraudulently obtained more than $500,000 in COVID-19-related unemployment benefits in the names of foreign nationals he falsely claimed were local real estate agents hit hard financially by the pandemic.

A federal criminal complaint has been filed charging three men on the federal charge of conspiracy to commit wire fraud in connection with a scheme to allegedly sell purported COVID-19 vaccines. The criminal complaint was filed on February 9, 2021 and was unsealed today upon the defendants’ arrests. Charged in the criminal complaint are: Olakitan Oluwalade (“Olaki”), age 22, of Windsor Mill, Maryland; Olaki’s cousin, Odunayo Baba Oluwalade (“Baba”), age 25, of Windsor Mill; and Kelly Lamont Williams, age 22, of Owings Mills, Maryland.

A Texas man has been charged in the Eastern District of Texas with allegedly filing bank loan applications fraudulently seeking more than $5 million dollars in forgivable loans guaranteed by the Small Business Administration (SBA) under the Coronavirus Aid, Relief, and Economic Security (CARES) Act.

The chief executive officer (CEO) of a California-based medical device company was indicted by a federal grand jury in connection with an alleged scheme to defraud investors by making false and misleading statements about the purported development of a new COVID-19 test, leading to millions of dollars in investor losses.