Man charged with spending PPP loans on Mercedes, Rolex, luxury condo - Business Insider

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Man charged with obtaining millions in COVID-19 relief funds by listing celebrities as employees, buying $200,000 Mercedes

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.

 

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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

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