U.S citizen accused to use COVID-19 relief funds to invest in Crypto.

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4 years ago

A Texas man have been charged by the department of justice (DoJ) accused of using government funds to relief COVID-19 to invest in Cryptocurrency.

In a brief statement released in June 14, by the department of justice (DOJ) allegedly charged Joshua Thomas Argires, of using a related COVID-19 fund to invest and trade in Cryptocurrency.

He defrauded COVID-19 program and used to invest in Cryptocurrency.

Argires, obtained fraudulently more than $1.1 million from a program to relief COVID-19 dubbed Paycheck Protection Program (PPP), he granted loans using false applications in the name of two companies, Texas Barbecue and Houston Landscaping. The Department officials claimed that Joshua used the both firms to fill applications claiming that the companies had employees with payroll expenses to cover, but that wasn't true!

Accordingly to Department of Justice none of the firms had those payments to fulfill and the applications filled was granted the funding, the loan from Texas Barbecue was used to invest in Cryptocurrency and another one was hold in a Bank account which was slowly depleted via ATM withdrawals.

COVID-19 relief funds have been used by individual purposes in detriment of the ones who real need it, hum shame!

The fraudulent scheme done by Joshua isn't the first one caused in crisis time, but is one that will for sure prosecuted by the U.S department of Justice.

Let's see what the coming days will tell about this, don't forget to download Brave Browser and protect your privacy.

Stay tuned for more Cryptocurrency & Blockchain news.

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4 years ago

Comments

Forget about the fraud itself. But he choosed "Texas Barbecue" as a company name??! I had a good laugh thanks to that lol

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4 years ago

Hahaha some fraudsters don't even choose their schemes very well😀

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4 years ago

Obviously X""D

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4 years ago

Bad moves, should be helping people this time.

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4 years ago

Yes he did something very bad, no one should benefit from COVID-19 funds people may die for that kind of actions.

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4 years ago

Awful, they do a bad thing instead of helping amid of pandemic.

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4 years ago

He was selfish and used the value in self benefit where should be using it to relief COVID-19.

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4 years ago

This is shameful! This tells how people are so heartless to humanity. I hope he will be given good judgement to teach others lessons.

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4 years ago

Let's see what will be his judgement!

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4 years ago

Ohh...what a life!

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4 years ago