COVID-19 scammers who fled to Montenegro while awaiting sentencing extradited back to US: Report
PPP loans lost to fraud on massive scale
David Spunt reports on estimated $100 billion in fraud cases
A pair of convicted felons who scammed COVID-19 relief programs out of $18 million were extradited back to the U.S. this week from Montenegro, where they fled last year while awaiting sentencing, the Los Angeles Times reported on Thursday, citing local police.
Richard Ayvazyan, 43, and his wife, Marietta Terabelian, 37, were convicted in June 2021 on multiple counts of bank fraud, wire fraud and money laundering.
The couple led an eight-person fraud ring that used dozens of fake or stolen identities to submit applications for about 150 fraudulent PPP loans, which netted them $18 million.