(Portland, OR) -- A federal grand jury in Portland has indicted an Arizona man and three associates in a large scale fraud to steal COVID relief money. Eric Karnezis, of Sedona, Arizona, worked with three people to gather false business information and used it to submit 13-hundred fraudulent applications for the Paycheck Protection Program. They tried to get 178-million-dollars in loans. They received approval for 105-million-dollars. Karnezis was arrested in Sedona and will be moved to Oregon for arraignment later this month. The three associates are also facing trial. Since 2021, more than 50 people have been charged in Oregon for their roles in COVID fraud.