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COVID FRAUD - They stole how much in relief funds?! - White Collar Crime - YouTube
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it is obscene that some people will turn
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a global unfortunate situation into an
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opportunity to defraud the public you
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may never have heard that the covet 19
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pandemic that left millions dead and put
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the rest of the world in a gloomy state
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was an opportunity for some people to
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perpetrate their premeditated thievery
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but not after watching this video you're
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about to discover an ugly truth on
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today's episode of the fraud files we'll
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be exploring the case of tiffany dawn
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russell and olusa ojo who are
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masterminds of the covid19 fraud
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conspiracies to get all the facts in
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this story make sure you watch till the
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end of the video to follow the details
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and don't forget to hit the subscribe
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button to become part of this channel
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and click the bell icon to get notified
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of subsequent videos without much ado
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let's get started in an investigation
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carried out by the fbi and the internal
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revenue service a dirham attorney
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tiffany don russell was found
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responsible for multiple fraud
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conspiracies tiffany russell's criminal
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career originally came to light when she
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was indicted on november 2020 for
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conspiracy to commit bank fraud access
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device fraud and misuse of a social
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security number according to the
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indictment tiffany russell and her
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co-conspirators applied for loans and
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credit cards with social security
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numbers that were not issued to them by
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the social security administration by
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doing so they created new credit
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profiles or synthetic identities for
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themselves to open financial accounts
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and make purchases from retailers
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without any intention of paying for the
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items and services obtained tiffany
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russell was charged with using a
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synthetic identity to purchase a bmw and
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to obtain a credit card which he used to
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pay for her 2016 butt augmentation
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surgery tiffany russell also embarked on
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a scheme of credit washing to remove
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legitimate debt accounts from her credit
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history by falsely claiming she was the
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victim of identity theft and had not
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opened those accounts once the credit
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reporting agencies removed those
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accounts her credit score improved
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enabling her to obtain credit she also
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provided fabricated documents when
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applying for mortgages to purchase three
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properties including an oceanfront
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residence in nags head north carolina
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tiffany russell gave doctored bank
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statements and inflated pay stubs to
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make it appear she had substantial
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liquid assets and the ability to pay the
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loans finally between march 30th 2020
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and june 29th 2020 tiffany russell and
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others fraudulently obtained more than 1
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million dollars in loans under the cares
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act which was enacted by the u.s
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congress to provide emergency financial
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assistance to millions of americans
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suffering from the covid19 pandemic the
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10 loan applications including two from
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her law firm contained false
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representations relating to the number
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of employees monthly payroll revenue and
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expenses tiffany russell used these
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illegally obtained proceeds to make the
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down payment on her nags head property
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and purchase five other properties in
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north carolina maryland and alabama
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tiffany russell also used these
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ill-gotten gains to pay outstanding
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personal debt unrelated to any business
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entity fortunately tiffany russell was
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sentenced to 63 months imprisonment for
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her role in an extensive multi-year
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fraud conspiracy and was sentenced to 36
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months for filing a false tax return
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these sentences will be served
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concurrently tiffany russell had earlier
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pled guilty to charges relating to her
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efforts to obtain more than 2.5 million
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dollars from at least 12 financial
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institutions and the united states small
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business administration in addition to
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her prison sentences tiffany russell was
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ordered to forfeit more than two million
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dollars in fraud proceeds this defendant
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spent years defrauding banks and the
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federal government and now she'll be
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spending years behind bars said u.s
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attorney michael easley as judge dever
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noted at sentencing this was more than a
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one-off mistake it was a multitude of
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bad decisions by an attorney who knew
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better this fraud scheme is even more
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egregious because the defendant falsely
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obtained more than 1 million dollars in
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covid relief funds intended to help
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legitimate hard-working business owners
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weather the pandemic money intended to
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keep businesses afloat was instead used
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to purchase beach homes and support the
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defendant's personal interests i commend
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the many law enforcement partners on our
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endc coveted fraud task force who helped
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to ensure that attorney tiffany russell
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faced justice in a similar story of
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covet 19 fraud this next one was
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investigated by the board of governors
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of the federal reserve system and bureau
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of consumer financial protection office
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of inspector general small business
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administration office of inspector
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general and the fbi these agencies found
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olusola oho a mastermind of a covid19
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fraud conspiracy on november 18 2021 a
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federal jury found the 42 year old
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olusola oko also known as sam ojo guilty
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of bank fraud conspiracy two counts of
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bank fraud and aggravated identity theft
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sam ojo along with his two
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co-conspirators created 12 fictitious
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business entities that would
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fraudulently apply for paycheck
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protection program loans which was also
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part of the cares act under false
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pretenses such as the number of
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employees payroll expenditures taxes
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paid during previous months details of
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business ownership and a false
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representation of their relationship
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with one another during this time ibanga
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ituk teosha ituk and sam ojo submitted
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multiple applications for the same
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businesses to more than 10 different
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banks without disclosing to those banks
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that they were submitting duplicative
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applications they conspired to obtain
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loans in the total approximate amount of
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five million four hundred thirty
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thousand five hundred eighty five
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dollars and actually obtained funding
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from banks in the total approximate
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amount of nine hundred ninety five
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thousand three hundred eighty five
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dollars as part of the conspiracy sam
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ojo knowingly applied for a paycheck
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protection program loan from frontier
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state bank under false pretenses from
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april 20th 2020 to april 29 2020. the
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defendant lied about the number of
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people employed during the previous
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months of purported operations the
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payroll expenditures during the previous
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months taxes paid during previous months
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of operation ownership of the business
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and relationships between the parties in
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a 300 000 loan application submitted for
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quick sold market incorporated from may
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8 2020 to may 11 2020 sam oko also
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applied for a 150 000 paycheck
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protection program loan from stride bank
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submitted under false pretenses for the
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inspired group llc as part of his crimes
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sam ojo used another individual's
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identity on payroll records submitted to
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the banks when applying for the loans
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sam oko's two co-defendants previously
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pleaded guilty and were sentenced ivanka
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ituk age 42 pleaded guilty and was
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sentenced to a total of four years in
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federal prison two years for bank fraud
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and two years for aggravated identity
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theft he was also ordered to pay a
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hundred sixty-eight thousand dollars in
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restitution to chickasaw community bank
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teosha etuk age 34 pleaded guilty to one
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count of bank fraud and was sentenced to
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one year and one day in federal prison
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followed by five years of supervised
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release she was further ordered to pay
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restitution in the amount of a hundred
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fifty thousand dollars to first liberty
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bank u.s district judge claire v egan
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sentenced olusola ojo age 43 to 48
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months in federal prison followed by
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five years of supervised release egan
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also ordered sam okul to pay a hundred
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fifty thousand dollars in restitution to
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stride bank the u.s attorney's office
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continues to pursue justice in cases
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where fraudsters build american
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taxpayers of funds meant to support
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vulnerable small business owners and
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their employees said u.s attorney clint
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johnson olusola oko's four-year prison
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sentence should send a message that
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white-collar criminals will be held
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accountable for their illicit behavior
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now we close another fraud files
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regarding tiffany don russell and
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dulosolo ojo who masterminded a covid19
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fraud conspiracy and defrauded the us
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government and u.s taxpayers so many
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others became sick with covet and yet
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these individuals committed this sick
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crime there is no dignity in committing
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crimes to make the world a better place
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we must all shun away from all forms of
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crimes we hope you enjoyed the video if
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you did please subscribe to our channel
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and push that like button stay tuned to
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our channel for amazing videos like this
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one by clicking the bell icon and don't
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forget to share your thoughts in the
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comment section below about this event
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we'll see you in another fraud file soon
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until then keep yourself clean from all
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crimes and corruption
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