14 people arrested in alleged scam involving more than $25 million in COVID-19 relief and business loans

Feds bust Armenian fraud ring accused of stealing $30M in COVID, small business loans

Homeland Security's raid in Los Angeles area targets Armenian fraud ring, arresting 14 for stealing $30 million in Covid relief and Small Business loans.

Criminal ring with SoCal ties swindled $25 million in COVID relief, small business loans, feds say

Fourteen people were arrested on suspicion of engaging in a years-long scheme to fraudulently obtain more than $25 million in COVID-19 relief funds and small business loans.

Homeland Security Busts $30M Fraud Ring Stealing SBA Loans, COVID Relief Funds

Homeland Security raided a transnational fraud ring that stole $30m in Small Business loans & Covid relief meant for taxpaying Americans.

Nailed: US Atty Bill Essayli Announces 14 Arrests in Huge COVID Relief Fraud Bust

ICE arrests 14 suspects in SoCal involved in COVID loan fraud scheme

The alleged criminal network, with some members believed to be in Armenia, involved concocting sham corporations, phony documents, and false tax returns to secure loans.

Colorado man who received nearly $5 million in COVID-19 relief charged with fraud

A former Cherry Hills Village resident who received nearly $5 million in federal funds for COVID-19 relief was charged with wire fraud and money laundering related to those programs. Joseph Ronald Trenkle, 54, received $1.8 million in Small Business Administration loans and $2.9 million in paycheck protection loans between April 2020 and February 2022, according to the U.S. Attorney’s Office for the District of Colorado. He now lives in Dorado, …