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Yasir Hamed, a Virginia accountant, pleads guilty to defrauding $2.3M from COVID relief funds.
Yasir Hamed, a 60-year-old Woodbridge accountant, pleaded guilty to defrauding the COVID-19 relief Paycheck Protection Program (PPP) of over $2.3 million.
Hamed submitted fraudulent loan applications, overstating employee numbers and payroll, to secure funds for personal use.
He has agreed to pay $2.4 million in restitution and faces up to 40 years in prison.
Sentencing is scheduled for August 8.
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Yasir Hamed, un contador de Virginia, se declaró culpable de defraudar $2.3M de los fondos de ayuda de COVID.