Lexington man accused of pocketing money from COVID-19 relief loan
LEXINGTON, Ky. (WKYT) - A federal grand jury has indicted a Lexington man on fraud charges.
Investigators claim Shaan Ti Diyali put COVID-19 relief funds intended for businesses into his personal bank account.
The Herald-Leader reports Diyali started a broker insurance company in January 2020 just before the pandemic. The grand jury said it was a shell company.
Diyali is accused of getting nearly $50,000 from a COVID-19 relief loan and pocketing it.
If convicted, he faces up to 25 years in prison and a $250,000 fine.
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