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Convicted Fraudster Torjagbo Fined Millions for Fake Loan and Tax Scam
ByAinvest
Monday, Aug 4, 2025 9:13 am ET1min read
Carl Delano Torjagbo, also known as Karl Lucius Delano, orchestrated a $13 million fraud targeting U.S. government programs. The scheme involved fake PPP loan applications and fraudulent tax returns, abusing government pandemic relief efforts. No cryptocurrency assets were involved in this financial crime, which highlights the need for enhanced fraud prevention measures in government programs.
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