An Indian national in the US has been charged with a USD 8 million COVID-19 relief fraud scheme and faces a maximum penalty of 20 years in prison if convicted, according to court documents. Krishnan is charged with two counts of wire fraud, two counts of money laundering, and two counts of aggravated identity theft. As part of the fraud scheme, Krishnan allegedly used the name of another person without that person's authority. He allegedly submitted at least 17 loan applications seeking over USD 8.2 million and received more than USD 3.3 million in loan proceeds. Once he got the funds, Krishnan allegedly laundered the proceeds of the fraud.

Source: The Telegraph November 11, 2022 19:11 UTC