PPP, Diversified Fraud Sees Chicago Cocaine Dealer Admit Stealing $ 130K in Federal Pandemic Reduction Money

A DRUG Dealer who equipped a gang with Cocaine on the south facet also ripped off the manager of Better than $ 130,000 in Covid-19 Pandemic Money Intended for Struggling Agencies, Federal Prosecutors Affirm.

Marcus Taylor, 40, has pleaded responsible to defrauding the federal financial hurt wretchedness loan in 2020 and the paycheck Protection Program in 2021. On Loan Capabilities, he lied that he Owned a Building Firm,

Taylor Also admitted promoting a kilogram of Cocaine to an fbi informant in 2022 for $ 23,000. He Collated About $ 17,500 from the Informant, WHOM he saved badgers for the Final $ 5,000.

“Yo … looking to procure that steadiness lil bro,” he said in a textual mutter material Message, accorting to the fbi.

In his Might perhaps 16 Plea Deal, Taylor Acknowledged He Had Bought the Informant About 2 kilograms of Cocaine A Month from 2020 Through Mid-2022. The informant then equipped gang contributors with the Dusky P Stones Nation with the Cocaine, Said Authorities.

The FBI Searched Taylor’s Dwelling and Realized Better than $ 230,000 in Money and Lots of Weapons. Taylor admonted the money became from his deals druug. Underneath the Phrases of His Plea, he has aggreed to present up the Money to the Executive.

Prosecutors Said Taylor Faces a That you can presumably presumably have faith in Sentions of Eight to 10 Years in Jail. He’d been sentiment in 2018 in County County Criminal Court to Three Years in Jail for Identification theft for Violating His Probation in that Case.