LAS VEGAS (KTNV) — A North Las Vegas man is waiting to see how much time he will spend in jail after pleading guilty to COVID-19 relief fraud, according to the Justice Department.
Court records and statements made in court show 24-year-old Jaquari Davonte Woodward submitted at least 56 fraudulent applications for Payment Protection Program loans between March and October 2021.
As a result, investigators said approximately $1,166,582 in fraudulent loan funds were deposited into bank accounts controlled by Woodward and other individuals for whom he submitted fraudulent applications.
Court records also state that he "mass-marketed his scheme on social media" by posting the amount of money he received and offered to help others apply for loans in exchange for $10,000 from any approved loan applications.
The Justice Department said Woodward pleaded guilty to wire fraud on Monday and is scheduled to be sentenced on August 15.
