MIAMI – A Miami woman is headed to federal prison after government say she fraudulently received just about $2 million in COVID-19 relief funds over a two-year length.
According to courtroom data, From April 2020 to April of 2021, 58-year-old Maritza Morales Hermoso, and others, together with Javier Lazo Cabrera, conspired to defraud personal lenders and the Small Business Administration by means of filing fraudulent mortgage programs beneath the Paycheck Protection Program and Economic Injury Disaster Loan Program.
Investigators say Hermoso submitted a mortgage utility with false information on it, and right through that point gained digital cord transfers of $2 million in fraudulent mortgage proceeds to financial institution accounts that she managed.
Authorities mentioned Hermoso spent the proceeds from the fraudulent loans on gambling at South Florida casinos and more than a few different non-public bills like plastic surgery, a Cadillac Escalade and a Pomeranian pet.
She additionally disguised her misuse of funds by means of laundering the mortgage proceeds thru a couple of unrelated industry accounts and chickening out the cash in money, in accordance to investigators.
Hermoso pleaded responsible final December on one rely of conspiracy to dedicate cord fraud.
On Wednesday, federal prosecutors introduced {that a} pass judgement on had sentenced Hermoso to spend 5 years in federal prison.
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