A San Jose restaurant owner has been sentenced to 30 months in prison for fraudulently obtaining and misusing millions of dollars in COVID-19 relief funds.
Federal authorities said Thursday that David Tai Leung, 58, of Sacramento, pleaded guilty in February 2024 to three counts of wire fraud, in connection with fraudulently obtained loans he received from the Restaurant Revitalization Fund and the Paycheck Protection Program .
5 million to a personal investment account he controlled and used RRF funds to purchase securities and pay fees associated with the refinancing of the mortgage on his personal residence in Sacramento, all in violation of RRF program requirements restricting the use of RRF funds to specified eligible business-related uses.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
San Jose's downtown revitalization faring better than San Francisco, OaklandAs post-pandemic downtown recoveries continue, the Bay Area's three major cities are experiencing two realities at the same time.
Read more »
Student encampments end at San Jose State University and University of San FranciscoAt several colleges throughout the Bay Area, administrators are hearing pro-Palestinian student protesters’ demands with varying degrees of agreement.
Read more »
Office vacancies stay sky-high in downtown San Jose, San FranciscoDowntown San Jose and San Francisco continue to suffer from sky-high vacancies.
Read more »
Volunteers begin massive mural project in San Jose near San Pedro SquareMore than 1,200 volunteers are working on San Jose's newest piece of public art this week. It's called Threads Woven, and it's a massive mural near San Pedro Square.
Read more »
“Experience economy” may bolster post-COVID downtown San Jose recoveryUnique experiences can pave a path for a post-coronavirus economic recovery in downtown San Jose, the city’s mayor says.
Read more »
San Jose International Airport post-COVID rebound loses more altitudeSan Jose International Airport has lost more altitude in its quest to regain its pre-coronavirus passenger trip activity.
Read more »