Sheng-Wen Cheng allegedly obtained millions in PPP loans, spending hundreds of thousands on personal expenses like a Mercedes-Maybach sedan.Sheng-Wen Cheng, a New York resident, has been charged with fraudulently applying for more than $7 million in COVID-19 relief funds, the US Department of Justice said on Tuesday.
Cheng also isn't the first to be accused of spending COVID-19 relief funds on extravagant car purchases. Others were charged with buying new Lamborghinis, as well as a new Kia Stinger.
"For example, the list of purported employee names included a co-anchor on Good Morning America, a former National Football League player, and a prominent Penn State football coach who is now deceased," the DOJ said.
Funny to press charges against a man who used celebs to get aid money. While turning a blind eye on actual billionair celebs that benefited from the same relief fund.. kanyewest theyeezymafia murica 🇺🇸🤣
Why didn't I think of that And then leave the country to where I won't get charged with a extradition 🤭✌️🤣 GoTrump COVIDー19
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Inside Benetti's 353-foot hybrid gigayacht 'Luminosity' - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. I may be mistaken but I think it's currently docked in Portofino, Italy. My offer, 1 Bitcoin
Source: BusinessInsider - 🏆 729. / 51 Read more »
Inside the French Riviera's pandemic party problem - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Houston we have a problem.... or in this case, France. 25 guys and only one woman, huge problem.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Walmart sees 'remarkable shift' as shopper spending per visit surges 27% - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Does this reflect a shift in amount purchased or a shift in the pricing. Grocery prices have certainly shot up
Source: BusinessInsider - 🏆 729. / 51 Read more »
US podcast ad spend still set to surpass $1 billion next year - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »