MIAMI (CBSMiami) – A South Florida man charged with fraudulently obtaining COVID-19 relief loans under the Paycheck Protection Program made his first appearance in federal court in Fort Lauderdale on Wednesday.
Valesky Barosy, 27, of Fort Lauderdale, is accused of submitting fraudulent loan applications on behalf of himself and his associates to obtain more than $4.2 million in PPP loans.
Allegedly, Barosy and his accomplices received a PPP loan of about $2.1 million from the fraudulent scheme.
Barosy allegedly used the proceeds to fraudulently purchase a Lamborghini Huracán EVO, Rolex and Hublot watches, and designer clothing from Louis Vuitton, Gucci and Chanel.
The indictment charges Barosy with five counts of electronic fraud, three counts of money laundering and one count of aggravated identity theft. If convicted, Barosy faces 132 years in prison.
https://miami.cbslocal.com/2022/01/01/fort-lauderdale-man-charged-with-covid-19-relief-fraud-buying-lamborghini-rolex-and-louis-vuitton-with-loan-money/ Fort Lauderdale man charged with COVID-19 mitigation fraud, bought Lamborghini, Rolex, Louis Vuitton with loan money – CBS Miami