Compliance & Anti-Financial Crime
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Fraud, US

US man convicted for COVID fraud scheme of $27M (€24M)

By Alisha Houlihan for AMLi

A jury in the United States has convicted a California man of submitting fraudulent applications for the Paycheck Protection Program (PPP), making false statements to a financial institution and money laundering.

Between April and June 2020, Robert Benlevi of California submitted 27 PPP loan applications to four banks on behalf of eight companies he owned only, as part of the Coronavirus Aid Relief Scheme.

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