Novi man convicted of $4.1M COVID-19 aid fraud

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DETROIT, Mich. (WNEM) – After an investigation by the FBI, one Novi man has been convicted by a federal jury in Detroit for a wire fraud and cash laundering scheme to acquire greater than $4.1 million in Paycheck Safety Program (PPP) loans.

Based on the Division of Justice and proof offered on the trial, Johnny Ho, 41, of Novi, allegedly engaged in a conspiracy to submit falsified PPP and Financial Harm Catastrophe Mortgage functions to obtain COVID-19 aid funds.

Ho, proprietor of Diva Nails and Spa III LLC, in Northville, allegedly submitted two fraudulent PPP and EIDL mortgage functions with inflated payroll info and different falsified utility info. The submitted functions requested $350,000 in funds meant for small companies and their staff who could have been impacted by the COVID-19 pandemic, the DOJ mentioned.

Ho, and his co-conspirators, submitted 29 fraudulent mortgage functions on behalf of 16 companies totaling greater than $4.1 million, the DOJ mentioned.

Ho was convicted of 1 depend of conspiracy to commit wire fraud, two counts of wire fraud and two counts of cash laundering, in response to the DOJ.

Sentencing is scheduled for Sept. 27. Ho faces as much as 20 years in jail for every of the wire fraud counts, and as much as 10 years on the cash laundering counts.

The case was investigated by the FBI and the Small Enterprise Affiliation Workplace of Inspector Basic, the DOJ mentioned.

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