WASHINGTON (Pakistan Point News / Sputnik - 20th May, 2021) A couple from Atlanta, Georgia, has been indicted for allegedly submitting false applications for the US government's COVID-19 relief program that led to their fraudulently receiving more than $4 million in loans, the Justice Department said on Thursday.
"Paul Kwak and Michelle Kwak have been indicted on charges arising out of a scheme to defraud the US Small business Administration by filing fraudulent applications in the Economic Impact Disaster Loan ("EIDL") Program," the Justice Department said in a release.
The Kwaks are connected to more than 70 fraudulent EIDL loan applications, about half of which were accepted, the release said.
In a Korean-language video posted to his YouTube channel dubbed "EIDL, disaster assistance you don't have to pay back," Paul Kwak explained how residents could receive loans without collateral or a co-signer, the release added.
The case is currently under investigation by the FBI, according to the release.