PPP Fraudster Who Won Big On Tesla Stock Gets 4 Years

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.

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