Overview
- John Bolden admitted in Brooklyn federal court to a wire fraud conspiracy tied to bogus Paycheck Protection Program loans benefiting more than 65 applicants.
- Prosecutors say Bolden used a tax-preparation business to file falsified online applications and fabricated Schedule C tax forms for himself, relatives, and clients.
- The scheme included sham companies such as Security Services, Armed Security, Hair by Jacqueline, and Chris Kicks, with Bolden and co-defendant Anthony Carreira each receiving more than $40,000.
- Carreira and Christian McKenzie previously pleaded guilty and await sentencing, and prosecutors deferred prosecution for Jacqueline Johnson in at least one instance.
- The charge carries a statutory maximum of up to 30 years, and U.S. Attorney Joseph Nocella condemned Bolden for exploiting pandemic relief after swearing to uphold the law.