Skip to Content

Man accused of orchestrating $4.2M COVID relief fraud scheme

KIFI

FORT LAUDERDALE, Fla. (AP) — Federal prosecutors say a South Florida man tried to obtain more than $4.2 million in COVID-19 relief funds by filing false loan applications. Court records show that 27-year-old Valesky Barosy made his first appearance last week in Fort Lauderdale federal court. He faces multiple charges and up to 132 years in prison. Prosecutors say Barosy submitted fraudulent loan applications on behalf of himself and his accomplices, seeking more than $4.2 million in Paycheck Protection Program loans. Investigators say they received about $2.1 million in loans. Officials Barosy say used the money to purchase a Lamborghini, expensive watches and designer clothing. Attorneys for Barosy didn’t immediately respond to messages seeking comment.

Article Topic Follows: AP National Business

Jump to comments ↓

Author Profile Photo

Associated Press

BE PART OF THE CONVERSATION

KIFI Local News 8 is committed to providing a forum for civil and constructive conversation.

Please keep your comments respectful and relevant. You can review our Community Guidelines by clicking here

If you would like to share a story idea, please submit it here.

Skip to content