A 48-year-old tech executive of Indian descent in the US has been sentenced to two years in prison for fraudulently obtaining nearly $1.8 million in federal COVID-19 loans for disaster relief.
Mukund Mohan of Clyde Hill in Washington state pleaded guilty on March 15 to charges of wire transfer and money laundering, the US Department of Justice said.
Mohan, who has made appearances at Microsoft and Amazon in the past, forged employment documents to fraudulently receive the loans through the government’s Paycheck Protection Program for companies he supposedly ran.
He applied for $5.5 million in loans with falsely altered documents and received about $1.8 million before being arrested in July 2020.
Mohan was sentenced to two years in prison in Washington’s Western District on Tuesday.
According to court documents, Mohan sought more than $5.5 million through eight fraudulent disaster loan applications.
In support of the fraudulent loan applications, Mohan has filed false and altered documents, including false federal tax returns and altered incorporation documents.
Mohan misrepresented to a lender that his company Mahenjo Inc had dozens of employees in 2019 and paid millions of dollars in employee wages and payroll taxes, the Justice Department said.
In support of Mahenjo’s loan application, Mohan has filed false incorporation and tax forms suggesting the company was operating before 2020, it said.
In reality, Mohan bought Mahenjo in May 2020. At the time he bought the company, it had no employees and no business activities.
The incorporation documents he submitted to the lender had been altered and the federal tax returns he filed were fake.
Five of Mohan’s eight fraudulent loan applications were approved and he fraudulently obtained nearly $1.8 million in COVID-19 relief funds.
In addition to jail time, Mohan was sentenced to pay a $100,000 fine and $1,786,357 in restitution.
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