Koreatown Man Arrested on Charges that He Obtained More Than $2 Million in COVID Business Loans That He Invested in Cryptocurrency
… arrested on a five-count federal indictment charging him with fraudulently obtaining more than $2 million in COVID-19 … of his nonexistent companies, which he instead used to buy cryptocurrency, the Justice Department announced today. … a $1,995,000 Paycheck Protection Program (PPP) loan. In support of this application, Choi falsely claimed that …