Carl Delano Torjagbo was convicted last week by a federal jury of bank fraud, wire fraud, and money laundering involving $9.6 million in Paycheck Protection Program (PPP) loan funds available during the COVID-19 pandemic, and another $3.4 million as a false tax refund from the IRS. Torjagbo used the money to support his lavish lifestyle, including spending millions on a home, Lamborghini, BMW, Range Rover Velar, a 72-foot yacht, and plastic surgery. He faces a maximum of 170 years of imprisonment.
To read the complete DOJ press release, click here.
