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BOSTON – A Lawrence woman pleaded guilty yesterday in federal court in Boston to separate fraudulent schemes that targeted banks and the Small Business Administration (SBA).

Baltimore, Maryland – Today, United States District Judge Richard Bennett sentenced Ahmed Sary, age 46, of Baltimore, Maryland to seven years in federal prison, followed by three years of supervised release, and one year of home detention, in connection with a conspiracy to commit wire fraud affecting financial institutions, relating to the submission of more than $17.9 million in fraudulent CARES Act loan applications. The Coronavirus Aid, Relief, and Economic Security (“CARES”) Act was a federal law enacted in March 2020 to provide emergency financial assistance to Americans suffering from...

Anuli Okeke, the former vice president and manager of a New York branch of Popular Bank was convicted yesterday afternoon by a federal jury in Brooklyn of all four counts of an indictment charging her with conspiracy to commit bank and wire fraud, wire fraud, bank fraud and money laundering conspiracy. The charges arose out of a scheme the defendant led to fraudulently obtain millions of dollars from the Paycheck Protection Program and the Economic Injury Disaster Loan program during the height of the COVID-19 pandemic.

CHARLESTON, S.C. — Five of eight individuals who were charged for their role in a COVID-19 loan fraud scheme were sentenced this week.

Tampa, FL – U.S. District Judge Charlene Edwards Honeywell has sentenced Alexander Alli (39, Riverview) to 13 months in federal prison for conspiracy and wire fraud in connection with his fraudulent receipt of COVID-19 relief funds. The Court also entered an order of forfeiture in the amount of $82,400, the proceeds of the fraud. Alli was found guilty by a jury on March 13, 2024.

EDWARD MUNDAY, of Coventry, Vermont, a former resident of New Fairfield, Connecticut, has paid $154,200 to resolve allegations that he fraudulently used a substantial portion of a small business loan under the Coronavirus Aid, Relief and Economic Security (“CARES”) Act to purchase a second home in Vermont.