Mukund Mohan, 48, a Washington state tech executive of Clyde Hill, was sentenced in the western district of Washington to two years in prison for perpetrating a scheme to fraudulently obtain COVID-19 disaster relief loans guaranteed by the Small Business Administration (SBA) through the Economic Injury Disaster Loan (EIDL) and the Paycheck Protection Program (PPP) under the Coronavirus Aid, Relief and Economic Security (CARES) Act.
The accused pleaded guilty to charges of wire fraud and money laundering on March 15. According to court documents, Mohan sought more than $5.5 million through eight fraudulent disaster loan applications.
