Seven citizens within the Chicago field face federal fees for accumulating a minimum of $16 million in COVID reduction cash, the USA Legal professional’s Workplace introduced Thursday. The persons are charged with twine fraud and cash laundering after the use of small trade grants and loans for private use, a 31-page federal indictment states.
The alleged fraud is tied to a mortgage program underneath the Coronavirus Assist, Reduction and Financial Safety Act. This system, referred to as the Financial Damage Crisis Mortgage (EIDL), is designed to offer mortgage help and grants for small companies suffering from the pandemic.
In line with the indictment, the people carried out for EIDL reduction cash in 2020, claiming to possess and perform a number of companies in Illinois and Florida. The ones packages and paperwork incorporated false details about their staff, income and different bills, the indictment states.
The people gained as much as $16 million in budget, which they allegedly used for private achieve via money withdrawals and transfers.
The indictment names the seven accused as Maja Nikolic, 34, of Brookfield, Marko Nikolic, 34, of L. a. Grange, Nebojsa Simeunovic, 37, of Lyons, Mijajlo Stanisic, 33, of Willowbrook, Branko Aleksic, 33, of Chicago, Milica Sumakovic, 31, of Chicago and Dorde Todorovic, 32, of Chicago.
They resist twenty years in jail for each and every twine fraud and cash laundering rate. Arraignments in Chicago’s federal courtroom are but to be scheduled.