New York, Nov 11 (PTI) 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.
Abhishek Krishnan, 40, was a resident of North Carolina before he returned to his home country of India. A federal grand jury in Newark, New Jersey, returned an indictment charging him with fraudulently obtaining millions of dollars in Paycheck Protection Program (PPP) loans guaranteed by the Small Business Administration (SBA) under the Coronavirus Aid, Relief, and Economic Security (CARES) Act.
Krishnan is charged with two counts of wire fraud, two counts of money laundering, and two counts of aggravated identity theft.
