Both Deon Levy and Abdul-Azeem Levy were charged with wire fraud and conspiracy to commit wire fraud.
According to Acting Assistant Attorney General Brian Rabbitt of the Justice Department’s Criminal Division, the defendants participated in a nationwide scheme to file at least 90 fraudulent PPP loan applications to receive kickbacks for obtaining the forgivable loans for other co-conspirators.
“These allegations reflect an organized effort by defendants to defraud the SBA’s PPP program on a large scale by stealing funds intended for legitimate small businesses suffering from economic hardships caused by the COVID-19 pandemic. The department and our law enforcement partners will continue to aggressively pursue those who would seek to illegally exploit the ongoing national emergency for their own benefit,” said Acting Assistant AG Rabbit.
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