Monroe man charged with pandemic loan fraud – Times News Online
Published on January 26, 2022 at 09:25
The United States Attorney’s Office for the Intermediate District of Pennsylvania announced that on January 25, Nazim Hassam, 70, of Bartonsville, was indicted by a federal grand jury on charges of bank fraud and money laundering.
According to U.S. Attorney John C. Gurganus, the indictment alleges Hassam applied for and received multiple loans under the federal Paycheck Protection Program while making false statements on the applications. Hassam was indicted along with two businesses he co-owns, the Pocono Plaza Inn and Om Sri Sai Inc., in 2019 for sex crimes and drug trafficking.
When asked if he or the companies requesting the loans were under indictment, Hassam falsely replied, “No.” The indictment says Hassam fraudulently obtained loans totaling $89,308. Hassam then carried out illegal monetary transactions with most of these funds.
The case was investigated by the Internal Revenue Service. Assistant United States Attorney Sean A. Camoni is prosecuting the case.
This lawsuit is part of an investigation by the Organized Crime Drug Enforcement Task Force. The task force identifies, disrupts, and dismantles the highest-level drug traffickers, money launderers, gangs, and transnational criminal organizations that threaten the United States using a prosecutor-led, multi-agency approach focused on intelligence, which leverages the forces of federal authorities, state and local law enforcement agencies against criminal networks.
On May 17, 2021, the Attorney General established the COVID-19 Fraud Enforcement Task Force to mobilize Department of Justice resources in partnership with government agencies to scale up enforcement and prevention efforts. pandemic-related fraud.
Anyone with information about alleged attempted fraud involving COVID-19 can report it by calling the Department of Justice’s National Disaster Fraud Center hotline at 866-720 -5721 or through the NCDF’s online complaint form at: https://www.justice. gov/disaster-fraud/ncdf-disaster-complaint-form.
If convicted, Hassam faces the maximum aggregate penalty under federal law for these offenses.
120 years imprisonment, a sentence of probation after imprisonment and a fine.