Former South Plainfield Man Gets 41 Months In Prison For COVID PPP Loan Fraud

N.J. business owner who stole $3.2M during COVID headed to federal prison

A New Jersey business owner who lied on loan applications to obtain more than $3.2 million in federal funds during COVID has been sentenced to three years and five months in prison. Daniel Dadoun, 49, of Israel, also received three years of supervised release and ordered to pay $3,239,773 in restitution, the U.S. Attorney’s Office for New Jersey said.

Former South Plainfield Man Gets 41 Months In Prison For COVID PPP Loan Fraud

Daniel Dadoun, 49, who currently lives in Israel, previously pleaded guilty to bank fraud and money laundering.