‘Princely lifestyle’ funded by $14 million COVID loan fraud ends with 42 months in federal prison

Source CWB Chicago
Original Load Date Oct. 10, 2026, 3 a.m.
Last Updated Oct. 10, 2026, 3 a.m.
Original URL https://cwbchicago.com/2026/10/princely-lifestyle-funded-by-14-million-covid-loan-fraud-ends-with-42-months-in-federal-prison.html?utm_source=rss&utm_medium=rss&utm_campaign=princely-lifestyle-funded-by-14-million-covid-loan-fraud-ends-with-42-months-in-federal-prison

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![][1] A “princely lifestyle” of private jets, a rented villa, a Rolls-Royce, and designer clothing — all bankrolled by pandemic relief fraud — has landed a California loan broker in federal prison. Some of his schemes involved companies in Chicagoland, leading federal prosecutors here to take up t...