Ga. U.S. Attorney: Marietta Man Charged in Massive Paycheck Protection Program Fraud Scheme
May 14, 2022
May 14, 2022
ATLANTA, Georgia, May 14 -- The U.S. Attorney for the Northern District of Georgia, Ryan K. Buchanan, issued the following news release:
Carl Delano Torjagbo, a/k/a Karl Lucius Delano, has been arrested on federal bank fraud and money laundering charges arising from a scheme to defraud a bank by obtaining a $9.5 million Paycheck Protection Program ("PPP") loan in the name of a fictitious company and then allegedly using the loan proceeds to upgrade his personal lifestyle. . . .
Carl Delano Torjagbo, a/k/a Karl Lucius Delano, has been arrested on federal bank fraud and money laundering charges arising from a scheme to defraud a bank by obtaining a $9.5 million Paycheck Protection Program ("PPP") loan in the name of a fictitious company and then allegedly using the loan proceeds to upgrade his personal lifestyle. . . .