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United States v. Muge Ma (PPP Fraud - DC)
PPPWire FraudMoney LaunderingSENTENCED
1:21-cr-00456-RWR
U.S. District Court, District of Columbia
Fraud Amount
$20.00M
Restitution
-
Timeline
Sentenced
Apr 2022
Case Summary
Muge Ma, founder of a tech company, fraudulently obtained approximately $20 million in PPP loans using fake employee records. He laundered the money through cryptocurrency and transferred funds overseas. Sentenced to 6.5 years in federal prison.
Sources
No external sources available