Home NEWS Massachusetts food truck owner charged with pandemic relief fraud-EnglishHindiBlogs-News

Massachusetts food truck owner charged with pandemic relief fraud-EnglishHindiBlogs-News

32
Rate this post


NEWYou can now listen to Fox News articles!

The owner of a Massachusetts food truck company who authorities say misused most of the $1.5 million in federal pandemic relief funding he secured by investing it in scholarship, has been arrested, federal authorities said.

Loc Vo, 55, is facing a wire fraud charge, according to the U.S. Attorney’s Office in Boston.

Vo owned Smart Gourmet LLC, a food truck company in Massachusetts, as well as a dormant company in Maryland.

Vo submitted loan applications between April 2020 and July 2021 on behalf of businesses under three Small Business Administration pandemic relief programs, requesting approximately $1.5 million that was supposed to be used for the rent, mortgage interest, payroll and utilities, among other eligible expenses, prosecutors said.

MASSACHUSETTS TO OPEN 11 MONKEYPOX VACCINATION SITES

A Massachusetts food truck owner is charged with pandemic fraud.

MASSACHUSETTS MAN ACCUSED OF STABING WIFE TO DEATH

Instead, he transferred most of the money to brokerage accounts in his name to invest in the stock Exchangebuying shares in an electric car maker and a biotech company, among others, authorities said.

He will be convened on a date to be determined. No defense attorney was listed in court records. A message was left on a phone list for Vo’s company.

2 MASSACHUSETTS TEENS INJURED IN SHOOTING OUTSIDE MCDONALD’S

Vo faces up to 20 years in prison if convicted.


NO COMMENTS

LEAVE A REPLY

Please enter your comment!
Please enter your name here