Connect with us

Hi, what are you looking for?

Crime

Florida: Man Sentenced to 6 years in Federal Prison After COVID Relief Fraud Scheme

Valesky Barosy is sentenced to over 6 years in federal prison and must pay over $2.1 million after obtaining $4.2 million from a COVID relief fraud scheme.
Valesky Barosy is sentenced to over 6 years in federal prison and must pay over $2.1 million after obtaining $4.2 million from a COVID relief fraud scheme. (WPLG Local 10)

A South Florida man was sentenced to six years and two months in federal prison after $4.2 million in COVID-19 relief fraud schemes.

Fox News reports Valesky Barosy, 28, was sentenced on Wednesday in Fort Lauderdale federal court. Barosy tried to obtain over $4.2 million in COVID relief funds by filing fake loan applications.

According to an indictment, he submitted fake loan applications for himself and his accomplices in Paycheck Protection Program loans. Prosecutors said Barosy submitted fraudulent IRS tax forms and falsified the applicant’s prior-year expenses, including the net profit and payroll.

Barosy and his accomplices received over $2.1 million in loans from the fraud scheme. Investigators said Barosy’s accomplices paid him a 20 to 30% kickback that he used to purchase Rolex, designer clothes from Chanel, Gucci, and Louis Vuitton, and Lamborghini Huracan EVO.

Also Read: Methods to Prevent Social Security Fraud 

Valesky Barosy, who claimed to be a self-made entrepreneur, was convicted of identity theft, money laundering, and wire fraud.

Valesky Barosy, who claimed to be a self-made entrepreneur, was convicted of identity theft, money laundering, and wire fraud. (Photo: Valesky Barosy Instagram)

Investigators discovered the evidence on Barosy’s computer, text messages from prospective clients, and the photos he posted on his Instagram account.

See: Scammers and Fraudsters Seek To Capitalize This Tax Season: Some Scams and Schemes To Be Aware Of 

Barosy was convicted in December of one count of aggravated identity theft, three counts of money laundering, and five counts of wire fraud. He would face over six years of prison and must repay more than $2.1 million for the money he received from the Paycheck Protection Program.

Read More: Trump Organization- Found Guilty of Criminal Tax Fraud, Impossible to Imagine for Americans 

Copyright © 2022 Pro Claimers. Theme by MVP Themes, powered by The Santa Clarita Valley.