FORT LAUDERDALE, Fla. -- A South Florida man tried to obtain more than $4.2 million in COVID-19 relief funds by filing false loan applications, federal prosecutors said.
According to an indictment, Barosy submitted fraudulent loan applications on behalf of himself and his accomplices, seeking more than $4.2 million in Paycheck Protection Program loans. Barosy falsified the applicant’s prior-year expenses, net profit and payroll, and submitted fraudulent IRS tax forms, prosecutors said.
Barosy and his accomplices received approximately $2.1 million in loans from the fraudulent scheme, investigators said. He used the money to purchase a Lamborghini Huracán EVO, Rolex and Hublot watches and designer clothing from Louis Vuitton, Gucci and Chanel, officials said.
Attorneys for Barosy didn't immediately respond to messages seeking comment about the charges from The Associated Press.
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