TikTok Influencer Pleads Guilty to Using Crypto to Launder COVID-19 Relief Loans
Denish Sahadevan, a former TikTok influencer and crypto investor, has pleaded guilty to wire fraud, aggravated identity theft, and money laundering. He used $1.2 million in illegally obtained COVID-19 relief loans to launder funds using crypto and gave away some of the illicit profits to his girlfriend. He also applied for a $1.3 million loan to purchase a mansion, which was fraudulent due to his failure to disclose prior EIDL benefits.
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TikTok Influencer Pleads Guilty to Using Crypto to Launder COVID-19 Relief Loans
Denish Sahadevan, a former TikTok influencer and crypto investor, has pleaded guilty to wire fraud, aggravated identity theft, and money laundering. He used $1.2 million in illegally obtained COVID-19 relief loans to launder funds using crypto and gave away some of the illicit profits to his girlfriend. He also applied for a $1.3 million loan to purchase a mansion, which was fraudulent due to his failure to disclose prior EIDL benefits.