MOUNT VERNON, NY — Two Mount Vernon residents are accused of taking part in a scheme that saw more than 1,000 fraudulent U.S. Small Business Administration Economic Injury Disaster forgivable loan applications submitted.
Federal prosecutors said the operation netted more than $7.6 million in ill-gotten gains.
“Today’s defendants have become the latest in line to be charged for SBA loan fraud as a result of their alleged conduct during the COVID-19 pandemic,” FBI Assistant Director-in-Charge Michael Driscoll said announcing charges in the case. “As this behavior continues to be uncovered, the FBI will continue to respond to illegal activity with appropriate legal action.”
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A complaint charging 25-year-old Quadri Salahuddin, 35-year-old Anwar Salahuddin and two co-conspirators was unsealed on Thursday. The defendants are charged with conspiracy to…