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Marietta Man Convicted of $9.6 Million PPP Loan Fraud and $3.4 Million Tax Fraud Schemes

DOJ

2025-07-30 12:00

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Following a weeklong trial, Carl Delano Torjagbo, a/k/a Karl Lucius Delano, was convicted by a federal jury of bank fraud, wire fraud, and money laundering after obtaining a fraudulent $9.6 million Paycheck Protection Program (“PPP”) loan and filing fraudulent tax returns that generated a $3.4 million IRS refund.
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