{"id":52209,"date":"2026-09-30T12:15:06","date_gmt":"2026-09-30T12:15:06","guid":{"rendered":"https:\/\/cryptomag.finance\/?p=52209"},"modified":"2026-09-30T12:15:06","modified_gmt":"2026-09-30T12:15:06","slug":"michigan-man-heading-to-prison-in-2300000-covid-era-loan-fraud-scheme","status":"publish","type":"post","link":"https:\/\/cryptomag.finance\/?p=52209","title":{"rendered":"Michigan Man Heading To Prison In $2,300,000 COVID-Era Loan Fraud Scheme"},"content":{"rendered":"

\"\"<\/p>\n

A Michigan man has been sentenced to two years in federal prison after admitting he took more than $2,300,000 in fraudulent COVID-era small-business loans.<\/p>\n

Jabari Long, 46, of Beverly Hills pleaded guilty to conspiracy to commit wire fraud and was sentenced in Detroit, reports<\/a> ClickOnDetroit.<\/p>\n

Prosecutors say Long used a contracting business called Priceless Preservations Construction to obtain a $2,187,000 Paycheck Protection Program loan and a $150,000 Economic Injury Disaster Loan.<\/p>\n

Long claimed the business had 50 employees and an average monthly payroll of $875,000. Prosecutors say the company had few, if any, employees and little to no payroll expenses.<\/p>\n

Within weeks of receiving the funds, Long used some of the money to buy a four-bedroom home in Beverly Hills, Michigan. He also admitted submitting false tax documents to get the loans.<\/p>\n

Says U.S. Attorney Jerome F. Gorgon Jr.,<\/p>\n

\u201cJabari Long falsely claimed to employ dozens through his so-called company \u2018Priceless Preservations.\u2019 But the only thing he preserved through this fraud was his greed.\u201d<\/em><\/p>\n

The court ordered Long to pay $2,187,500 in restitution and serve three years of supervised release after prison. Homeland Security Investigations and IRS Criminal Investigation investigated the case.<\/p>\n

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The post Michigan Man Heading To Prison In $2,300,000 COVID-Era Loan Fraud Scheme<\/a> appeared first on The Daily Hodl<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

A Michigan man has been sentenced to two years in federal prison after admitting he took more than $2,300,000 in fraudulent COVID-era small-business loans. Jabari Long, 46, of Beverly Hills pleaded guilty to conspiracy to commit wire fraud and was sentenced in Detroit, reports ClickOnDetroit. Prosecutors say Long used a contracting business called Priceless Preservations […]<\/p>\n","protected":false},"author":1,"featured_media":52210,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"footnotes":""},"categories":[],"tags":[],"class_list":["post-52209","post","type-post","status-publish","format-standard","has-post-thumbnail"],"yoast_head":"\nMichigan Man Heading To Prison In $2,300,000 COVID-Era Loan Fraud Scheme - Cryptomag<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptomag.finance\/?p=52209\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Michigan Man Heading To Prison In $2,300,000 COVID-Era Loan Fraud Scheme - Cryptomag\" \/>\n<meta property=\"og:description\" content=\"A Michigan man has been sentenced to two years in federal prison after admitting he took more than $2,300,000 in fraudulent COVID-era small-business loans. 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