Authorities: Spring Valley man defrauded SBA out of more than $1.6M in COVID-19 relief funds
A Spring Valley man has been charged with defrauding the Small Business Administration of more than $1.6 million in COVID-19 in relief funds.
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Jun 10, 2022, 4:30 PM
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Updated 777 days ago
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298ds agoA Spring Valley man has been charged with defrauding the Small Business Administration of more than $1.6 million in COVID-19 in relief funds.
Elizier Scher, 33, was charged with wire fraud.
Authorities say Scher made false statements in at least a dozen applications, saying the money was going to be used to help businesses navigate financial hardships from the pandemic.
Instead, he allegedly used the proceeds to buy real estate and pay credit card expenses.
Scher faces up to 20 years in prison if convicted.
