An Asian Man Fraudulently Obtained Nearly $9 Million in Epidemic Prevention Loans, and the Funds Were Confiscated After Being Used to Launder Money to Buy a House | Fraud and Money Laundering

On May 28, a federal court in New Jersey made a final judgment against an Asian man named Jae H. Choi, ordering him to forfeit approximately $7 million in fraud and money laundering proceeds, as well as real estate purchased with fraudulent funds and valued at nearly $2 million. The total amount of confiscation is approaching $9 million.