A previously convicted felon pleaded guilty to wire fraud and theft of government property at Newport News, VA, federal court to engaging in a COVID-19 related loan fraud scheme. He submitted multiple applications for PPP and Economic Injury Disaster Loan (EIDL) loans with bogus business names, income, employment information and criminal history. He was actually on federal supervised release from a prior IS conviction for identity theft and money laundering, and couldn’t obtain loans or open accounts without permission. After depositing $196,900 in loans into a credit union, he made cash withdrawals of over $100,000 in a brief period of time. He’ll be sentenced in March.