NJ Man Pleads Guilty to COVID Loan Fraud | Boise News

A New Jersey entrepreneur named Xanare Bomani just pleaded guilty to orchestrating a $1 million fraud scheme targeting COVID-19 relief loans, including ones in Idaho. His company, Flexyn Global, and linked businesses falsified employee and payroll data on six applications to siphon funds meant for struggling businesses. Now facing up to 30 years in prison and a heavy fine, Bomani’s sentencing is set for December 15 — a chilling reminder that even during crises, exploiting the system won’t go unpunished. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/1d707ddf225b4906