Regional News

COVID-Relief Fraud

(Portland, OR) -- Two brothers from Sedona, Arizona have pleaded guilty to COVID-relief fraud in a Portland federal court. They created a business and used false information to submit 13-hundred Paycheck Protection Program loans. They received 105-million-dollars in loans. They also charged fees for the work, bringing in another four million dollars. Eric and Anthony Karnezis pleaded guilty to wire fraud. They must repay between ten- and 65-million-dollars restitution. They'll be sentenced in June.

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