PPP, Diversified Fraud Sees Chicago Cocaine Seller Admit Stealing $ 130K in Federal Pandemic Relief Cash

A DRUG Seller who equipped a gang with Cocaine on the south facet also ripped off the govtof More than $ 130,000 in Covid-19 Pandemic Cash Meant for Struggling Companies, Federal Prosecutors Teach.

Marcus Taylor, 40, has pleaded responsible to defrauding the federal financial injure effort mortgage in 2020 and the paycheck Protection Program in 2021. On Loan Purposes, he lied that he Owned a Construction 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 kept badgers for the Supreme $ 5,000.

“Yo … looking out to fetch that balance lil bro,” he acknowledged in a textual sigh material Message, accorting to the fbi.

In his Would possibly maybe well also 16 Plea Deal, Taylor Acknowledged He Had Sold the Informant About 2 kilograms of Cocaine A Month from 2020 Thru Mid-2022. The informant then equipped gang members with the Sad P Stones Nation with the Cocaine, Said Authorities.

The FBI Searched Taylor’s House and Chanced on More than $ 230,000 in Cash and Quite loads of Guns. Taylor admonted the money became from his deals druug. Under the Phrases of His Plea, he has aggreed to forestall the Cash to the Authorities.

Prosecutors Said Taylor Faces a That it is possible you’ll doubtless well doubtless doubtless also imagine Sentions of Eight to 10 Years in Penal advanced. He’d been sentiment in 2018 in County County Prison Court to Three Years in Penal advanced for Identity theft for Violating His Probation in that Case.