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US man charged in multi-million dollar COVID laundering scam; DOJ warns fraudsters not to treat pandemic relief money like a ‘personal piggy bank’

By Dan Byrne for AMLi

A man in the United States has been charged with laundering the proceeds of COVID-19 relief fraud, and authorities believe that much of it ended up in loss-making stock investments.

According to a complaint released Thursday by the US Department of Justice (DOJ), Gregory Blotnick (34) of New York City made numerous false claims to federal agencies to obtain more than $3.8M in pandemic relief funding.

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