MIAMI (CBSMiami) – A South Florida man charged with fraudulently obtaining COVID-19 relief loans under the Paycheck Protection Program made his first appearance in federal court in Fort Lauderdale on Wednesday.
Valesky Barosy, 27, of Fort Lauderdale is accused of submitting fraudulent loan applications on behalf of himself and his accomplices, seeking more than $4.2 million in PPP loans.READ MORE: SeaWorld Orlando Transfers 4 Manatee Calves To Ohio For Treatment
According to the charges, Barosy and his accomplices received approximately $2.1 million in PPP loans from the fraudulent scheme.READ MORE: 'Sick To My Stomach': Dollar Tree Fanatics Protest New $1.25 Prices
Barosy is accused of using the fraudulently-obtained proceeds to purchase a Lamborghini Huracán EVO, Rolex and Hublot watches, and designer clothing from Louis Vuitton, Gucci, and Chanel, it is alleged.MORE NEWS: Add Over-The-Counter Medicine To List Of Growing Shortages
The indictment charges Barosy with five counts of wire fraud, three counts of money laundering, and one count of aggravated identity theft. If convicted, Barosy faces up to 132 years in prison.