An American spends a Corona relief loan to buy diamonds

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An American spends a Corona relief loan to buy diamonds

Reuters

Federal prosecutors said a North Carolina woman who lied to get a coronavirus relief loan had spent money shopping for international brands and diamonds.

Jasmine Johnny Clifton, 24, appeared in court last Monday and was later released on bail of $ 25,000, according to a press release from the US Attorney’s Office for the Western District of North Carolina.

The statement said that Clifton in March applied for a Small Business Administration loan designed to provide relief to existing companies affected by the epidemic shutdowns, indicating that it had submitted false documents claiming that its total revenue from selling clothes online was $ 350,000 in 12 months, despite Other papers submitted in early 2020 showed that the company was effectively dissolved in September 2019.

The loan application was approved in early August, and Clifton received $ 149,900, which it subsequently spent on more than two dozen global retailers and brands such as Nieman Marcus and Louis Vuitton.

On February 17, a jury charged Clifton with fraud, and if found guilty, she could face 30 years in prison and a possible fine of $ 1,250,000.

Source: abc news





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