Second Man Sentenced to Federal Prison in Paycheck Protection Program Fraud Scheme

A Virginia man who laundered over $900,000 in fraudulently obtained Paycheck Protection Program loan proceeds was sentenced on July 20, 2022, to more than three years in federal prison.  Benjamin Sakyi, age 31, from Dumfries, Virginia, originally from Accra, Ghana, received the prison term after a February 8, 2022 guilty plea to one count of money laundering conspiracy. The Coronavirus Aid, Relief, and Economic Security (“CARES”) Act is a federal law enacted in late March 2020 that provided emergency financial assistance, including Paycheck Protection Program (“PPP”) and Economic Injury Disaster Loan (“EIDL”) funds, to the millions of Americans who were…