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A know-how authorities inside the Seattle area was charged with fraudulently making use of for better than $5.5 million in US small-business loans and laundering among the many money into his non-public Robinhood brokerage account.
Mohan in the mean time serves as chief know-how officer at BuildDirect.com Technologies Inc., a site that connects people with dwelling contractors, in response to its site. Before that, he labored for Amazon.com Inc. and Microsoft Corp., in response to Mohan’s LinkedIn profile. Mohan and representatives for the companies didn’t immediately reply to requests for comment.
The federal mortgage paperwork contained a large number of falsehoods, prosecutors talked about. In one utility, Mohan talked about one amongst his corporations paid better than $2.three million for payroll in 2019 and that the company had dozens of staff, in response to the indictment. In actuality, Mohan acquired possession of the company in May, and it had no staff, in response to the US Attorney in Washington.
Robinhood Markets Inc. equipped info displaying an account belonging to Mohan transferred about $231,000 of the federal money to the stock-trading app, prosecutors talked about.