SOUTH HOLLAND, Unwell. – A South Holland girl is accused of fraudulently acquiring greater than $440,000 in small enterprise loans and grants below the federal Coronavirus Help, Aid, and Financial Safety Act and a State of Illinois pandemic-relief program.
Kimberly Ray-Duncan, 54, is charged with six counts of wire fraud, three counts of cash laundering and two counts of partaking in financial transactions involving criminally derived property.
In line with the indictment, Ray-Duncan utilized for and obtained loans and grants for quite a few firms she stated she operated, together with the Ok Ray-Duncan Meeting Firm and An AlKymAri Manufacturing LLC.
SUBSCRIBE TO FOX 32 ON YOUTUBE
Ray-Duncan allegedly made numerous false representations concerning the businesses’ operations, variety of workers and income figures in her purposes.
A number of the companies didn’t truly exist, the indictment stated.
Ray-Duncan additionally tried to substantiate the fraudulent representations by falsely getting ready IRS varieties and financial institution statements.
Ray-Duncan is accused of utilizing the fraud proceeds to buy a Regal 35 Sport Coupe yacht, purses by Prada, Gucci and Saint Laurent, pink leather-based canine collars by Gucci, sun shades by Burberry, Gucci, Giorgio Armani and Prada and scarves by MCM, Louis Vuitton, Saint Laurent, Gucci and Prada.
Arraignment for Ray-Duncan is about for Thursday.