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2 accused of fraud in applying for $5M in CARES Act loans

Ed Brown was originally convicted in federal court in Concord, N.H.
According to the U.S. Attorney's office in Concord, NH, one of the men allegedly used some of the funds to buy a Rolls Royce.

One of the men allegedly used the federal funds to buy a Rolls Royce, according to the U.S. Attorney in Concord, NH.

CONCORD, N.H. (AP) — Two men have been indicted by a federal grand jury in New Hampshire on multiple fraud charges alleging that they falsely applied for $5 million in federal CARES Act loans for companies and misused some of the proceeds, including one man's purchase of a Rolls Royce.

Joshua Leavitt, 40, was based in Northwood, New Hampshire, and the other, Pierre Rogers, 43, initially was in the state and later moved to Irvine, California, according to court documents.

Prosecutorsallege that the two applied for over two dozen loans for at least seven companies during the pandemic in 2020 and 2021, submitting fabricated tax documents that inflated their size and payroll.

The California man was arrested in Hawaii on Thursday, according to court documents. It was not immediately known if he had an attorney.

The New Hampshire man was arrested, released, and faces a July 8 hearing. A message was left for his attorney.

The Associated Press

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