14 Arrested on Complaints Alleging More Than $25 Million in COVID-19 Relief and Small Business Loans Were Fraudulently Obtained
… phony resumes and financial statements, to support loan applications to buy other sham corporations. McGrayan … to obtain a loan under the Paycheck Protection Program (PPP), which provided low-interest, forgivable loans to help … of a fake business that received more than $700,000 in PPP funds. Mery Babayan, 32, a.k.a. “Mery Diamondz,” of Van …