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California man sentenced to 4 years for COVID-19 loan fraud

Por: Associated Press Health September 27, 2022

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LOS ANGELES (AP) — A Southern California man was sentenced Monday to four years in federal prison for fraudulently obtaining more than $5 million in COVID-relief loans for three shell companies, prosecutors said. Raghavender Reddy Budamala, who was arrested in February while trying to cross the border into Mexico, was also ordered to pay $5.15 million in restitution, the U.S. Attorney’s Office said in a statement.Budamala, 36, pleaded guilty... + full article



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