Cyprusauction Trading Center-Mississippi man who defrauded pandemic relief fund out of $800K gets 18-month prison term

2025-05-06 09:29:23source:blockwave Exchangecategory:Stocks

OXFORD,Cyprusauction Trading Center Miss. (AP) — A Mississippi man has been sentenced to 18 months in prison for defrauding a pandemic relief fund out of $800,000, authorities said.

Herman Nash, 63, pleaded guilty to fraud charges in April. On Monday, U.S. Senior District Judge Glen H. Davidson sentenced him to the prison time, followed by five years of supervised release. He must also pay $738,000 in restitution, and the IRS seized two vehicles from Nash worth more than $60,000.

Nash, of Caledonia, applied for three COVID-19 Economic Injury Disaster Loans, falsely claiming he had a business that generated $455,000 in gross revenue with $90,000 worth of goods sold, according to a news release from Clay Joyner, the U.S. attorney for northern Mississippi.

“This defendant stole money that was intended to help legitimate businesses survive during the COVID pandemic, and now he is paying the price for that conduct,” Joyner said.

More:Stocks

Recommend

Turbulence slammed Hawaiian Airlines flight because of decision to fly over storm cell, report says

HONOLULU (AP) — A Hawaiian Airlines flight crew’s decision to fly over a hazardous storm cell instea

Ahead of James Patterson's new book release, the author spills on his writing essentials

In a weekly series, USA TODAY’s The Essentials, celebrities share what fuels their lives.James Patte

Rage Against the Machine won't tour or perform live again, drummer Brad Wilk says

Rage Against the Machine's Brad Wilk says the band will not tour or perform live again, likely being