Two Encino are going through federal prices for an alleged scheme to bilk greater than $5.6 million out of COVID-19 financial aid applications, federal prosecutors introduced Wednesday.
The defendants used among the proceeds for down funds on a $three.25-million residence in Tarzana and a $1-million residence in Glendale, in keeping with prosecutors.
Richard Ayvazyan, 42, and his spouse, Mariette Terebelian, 36, had been arrested Oct. 20 in Miami on the way in which again from a trip in Turks and Caicos Islands, prosecutors stated.
Artur Ayvazyan, 36, and his spouse, Tamara Dadyan, 39, had been arrested Nov. 5. The Ayvazyans are brothers.
On Tuesday, a federal grand jury charged the 4 with 12 counts of financial institution fraud, wire fraud and conspiracy.
The indictment alleges that the used faux or stolen identities, together with the names “Iuliia Zhadko” and “Viktoria Kauichko,” to submit not less than 35 fraudulent functions for loans underneath the Coronavirus Help, Aid and Financial Safety Act.
In addition they submitted fraudulent mortgage functions for the Financial Harm Catastrophe Aid and Paycheck Safety applications in their very own names utilizing faux payroll and tax data, the indictment stated.
In all, the 2 pocketed not less than $four.6 million of the $5.6 million in authorities help that they had sought.
Thom Mrozek, a spokesman for the U.S. legal professional’s workplace, stated Wednesday there’s a probability the case may develop in scope because the investigation continues.
All 4 defendants had been launched on bond and are awaiting arraignment.
Attorneys for Artur Ayvazyan and Dadyan declined to remark. It was not instantly clear whether or not Richard Ayvazyan and Terabelian had attorneys.
The conspiracy and financial institution fraud prices every carry a sentence of as much as 30 years in federal jail and the wire fraud counts as much as 20 years.
The 2 will not be the primary to allegedly use coronavirus aid loans for private achieve. Mrozek cited not less than eight different federal prosecutions involving COVID-relief fraud.
In a single case, an L.A. enterprise proprietor allegedly gambled away some of the $9 million in aid loans earmarked for his staff.
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