{"id":104180,"date":"2021-09-27T06:34:20","date_gmt":"2021-09-27T13:34:20","guid":{"rendered":"https:\/\/theavtimes.com\/?p=104180"},"modified":"2021-09-27T20:38:10","modified_gmt":"2021-09-28T03:38:10","slug":"man-sentenced-to-federal-prison-for-650k-ppp-fraud","status":"publish","type":"post","link":"https:\/\/theavtimes.com\/2021\/09\/27\/man-sentenced-to-federal-prison-for-650k-ppp-fraud\/","title":{"rendered":"Man sentenced to federal prison for $650K PPP fraud"},"content":{"rendered":"<p><a href=\"https:\/\/theavtimes.com\/wp-content\/uploads\/2021\/09\/gavel-money-lawsuit.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-104121\" src=\"https:\/\/theavtimes.com\/wp-content\/uploads\/2021\/09\/gavel-money-lawsuit.jpg\" alt=\"\" width=\"960\" height=\"640\" srcset=\"https:\/\/theavtimes.com\/wp-content\/uploads\/2021\/09\/gavel-money-lawsuit.jpg 960w, https:\/\/theavtimes.com\/wp-content\/uploads\/2021\/09\/gavel-money-lawsuit-300x200.jpg 300w, https:\/\/theavtimes.com\/wp-content\/uploads\/2021\/09\/gavel-money-lawsuit-768x512.jpg 768w\" sizes=\"(max-width: 960px) 100vw, 960px\" \/><\/a><\/p>\n<p>A Los Angeles County man has been sentenced to 41 months in federal prison for fraudulently obtaining a $650,600 Paycheck Protection Program loan under a program intended by Congress to help small businesses survive the COVID-19 pandemic, prosecutors announced.<\/p>\n<p><strong>Andranik Amiryan<\/strong>, 42, was sentenced Sept. 23 by U.S. District Judge Dolly M. Gee, who also ordered him to pay $650,600 in restitution. Amiryan pleaded guilty in April to one count of conspiracy to commit bank fraud.<\/p>\n<p>Gee described as &#8220;despicable&#8221; Amiryan&#8217;s theft of funds provided by the Coronavirus Aid, Relief, and Economic Security Act, the U.S. Department of Justice said.<\/p>\n<p>Amiryan opened a bank account by using a stolen identity, then, posing as the identity theft victim, falsely told the bank that he was the CEO of ACBA Technologies Inc., a software company. In fact, ACBA existed only as a corporate shell.<\/p>\n<p>Amiryan&#8217;s co-conspirators arranged to wire into that account $650,600 of CARES Act relief funds by falsely claiming that ACBA Technologies had a monthly payroll of more than $500,000 and attaching forged tax forms as support.<\/p>\n<p>Once the money was in his account, Amiryan wrote checks to his co-conspirators and to other shell companies he controlled, effectively withdrawing about $452,287 of the funds before the bank froze the account.<\/p>\n<p>Amiryan has been in federal custody since his arrest in September last year. At the time of his arrest, authorities seized $11,800 in cash found in his jacket, and soon afterward seized more than $262,000 from bank accounts he controlled.<\/p>\n<p>As part of his guilty plea, Amiryan agreed to forfeit those assets, which are worth nearly $275,000, according to the DOJ.<\/p>\n<p>&#8211;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A Los Angeles County man has been sentenced to 41 months in federal prison for fraudulently obtaining a $650,600 Paycheck Protection Program loan under a program intended by Congress to help small businesses survive the COVID-19 pandemic, prosecutors announced. Andranik Amiryan, 42, was sentenced Sept. 23 by U.S. District Judge Dolly M. Gee, who also [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":104121,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[16,719],"tags":[],"_links":{"self":[{"href":"https:\/\/theavtimes.com\/wp-json\/wp\/v2\/posts\/104180"}],"collection":[{"href":"https:\/\/theavtimes.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/theavtimes.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/theavtimes.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/theavtimes.com\/wp-json\/wp\/v2\/comments?post=104180"}],"version-history":[{"count":0,"href":"https:\/\/theavtimes.com\/wp-json\/wp\/v2\/posts\/104180\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/theavtimes.com\/wp-json\/wp\/v2\/media\/104121"}],"wp:attachment":[{"href":"https:\/\/theavtimes.com\/wp-json\/wp\/v2\/media?parent=104180"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/theavtimes.com\/wp-json\/wp\/v2\/categories?post=104180"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/theavtimes.com\/wp-json\/wp\/v2\/tags?post=104180"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}