Aurora man to serve prison time for COVID relief fraud

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AURORA | An Aurora man has been sentenced to 66 months in prison for submitting fraudulent applications for federal COVID-19 relief funds, according to the U.S. Attorney’s Office for the District of Colorado.

Russel Ray Foreman, 39, pleaded guilty to money laundering and wire fraud, according to a Friday news release from the agency. Between March and October 2020, Foreman submitted seven fraudulent loan applications to the Small Business Administration, the release said. Two of the loans were approved and funded, giving Foreman $196,500.

Foreman also received $20,000 from a bank after submitting a false Paycheck Protection Program application and aided a codefendant who made a fraudulent loan application of $150,0000, according to the U.S. Attorney’s Office.

The release said that Foreman “knowingly made false statements about the number of employees for each business, the gross revenues, the cost of goods sold, and the date each business was formed.” He also laundered the proceeds by transferring money to his sister.

Foreman was sentenced on Friday and ordered to pay restitution of $367,000. The case was investigated by the Denver field office of the Internal Revenue Service.

“Today’s sentencing is a direct reflection of IRS Criminal Investigation’s commitment to investigating individuals who lined their pockets with Covid relief funds,” said special agent in charge Andy Tsui in a statement.Anyone with information about potential COVID-19 fraud can report it by calling the Department of Justice’s National Center for Disaster Fraud Hotline at 866-720-5721 or via the NCDF Web Complaint Form.

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Joe Felice
Joe Felice
1 month ago

Good! That’s our money he stole. I’d like to see more prosecutions.