The Oregonian reports:
An Oregon man who created several hundred employees out of thin air and then fraudulently obtained $3.4 million in COVID-19 relief funds has been sentenced to four years in prison.
Andrew Aaron Lloyd invested his ill-gotten gains and won big — eventually purchasing more than 15,000 shares of Tesla stock and 25 rental properties in Oregon and California, valued at a combined $18 million.
Lloyd, a 51-year-old Lebanon resident, has been ordered to pay $4 million in restitution, give up the real estate assets and forfeit his stock in the electric car manufacturer. His sentencing marks Oregon’s largest closed case of COVID-19 relief fraud, according to a U.S. Attorney’s Office spokesperson.
Read the full article.
Oregon man who defrauded COVID relief programs, used ‘sheer dumb luck’ to net $13M in Tesla stock sentenced to 4 years in prison https://t.co/cW9wpxjlLr pic.twitter.com/gRO2GcDiUx
— The Oregonian (@Oregonian) January 7, 2022