Oakland News Today | 2 Min News | The Daily News Now!
Feds just hit 160 nationwide with charges for gaming COVID relief loans, stealing $245 million from taxpayers. One San Francisco man, Raouf Bouzidi, got 8 months and owes $1.2M after siphoning $1.25M from a shuttered restaurant — then bought a Mercedes and flipped two houses for profit. Investigators seized $1M from those properties. Officials say $39B in taxpayer funds may be at risk, and they’re sending a clear message: fraud won’t be tolerated.
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This is an automated, high-level news summary based on public reporting.
Sources:
https://www.kron4.com/news/bay-area/doj-sf-man-used-covid-loans-to-buy-mercedes-flip-properties/
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