Massachusetts mayor arrested for fraudulently obtaining pandemic loan | AP News
- BOSTON (AP) — A Massachusetts mayor was arrested Friday and charged with fraudulently obtaining a pandemic loan and using the money to fund his election campaign as well as pay off high-interest mortgages on several of his properties and personal taxes.
- Lawrence Mayor Brian DePena was charged Friday with one count of wire fraud and one count of money laundering.
- DePena, 61, is accused obtaining a COVID-19 small-business loan worth $1.5 million for his tire sales business.
Confirmed
- BOSTON (AP) — A Massachusetts mayor was arrested Friday and charged with fraudulently obtaining a pandemic loan and using the money to fund his election campaign as well as pay off high-interest mortgages on several of his properties and personal taxes.
- Lawrence Mayor Brian DePena was charged Friday with one count of wire fraud and one count of money laundering.
- DePena, 61, is accused obtaining a COVID-19 small-business loan worth $1.5 million for his tire sales business.
Sources: AP, The Independent