Safetyvalue-Mississippi man who defrauded pandemic relief fund out of $800K gets 18-month prison term

2025-05-06 22:28:22source:NovaQuant Quantitative Think Tank Centercategory:Stocks

OXFORD,Safetyvalue Miss. (AP) — A Mississippi man has been sentenced to 18 months in prison for defrauding a pandemic relief fund out of $800,000, authorities said.

Herman Nash, 63, pleaded guilty to fraud charges in April. On Monday, U.S. Senior District Judge Glen H. Davidson sentenced him to the prison time, followed by five years of supervised release. He must also pay $738,000 in restitution, and the IRS seized two vehicles from Nash worth more than $60,000.

Nash, of Caledonia, applied for three COVID-19 Economic Injury Disaster Loans, falsely claiming he had a business that generated $455,000 in gross revenue with $90,000 worth of goods sold, according to a news release from Clay Joyner, the U.S. attorney for northern Mississippi.

“This defendant stole money that was intended to help legitimate businesses survive during the COVID pandemic, and now he is paying the price for that conduct,” Joyner said.

More:Stocks

Recommend

Nevada attorney general revives 2020 fake electors case

LAS VEGAS (AP) — A slate of six Nevada Republicans have again been charged with submitting a bogus c

It’s Treat Yo' Self Day 2024: Celebrate with Parks & Rec Gifts and Indulgent Picks for Ultimate Self-Care

E! may get a commission if you purchase something through our links. Learn more.Get ready to celebra

Trial set to begin for suspect in the 2017 killings of 2 teen girls in Indiana

INDIANAPOLIS (AP) — A man charged in the Indiana killings of two teenage girls during a winter hike