A Maryland man was sentenced to nine years in federal prison for helping launder fraud proceeds tied to Economic Injury Disaster Loans and other schemes, according to the DOJ.
Bright Boateng, 45, of Bladensburg, was also ordered to pay $1,247,950 in restitution and forfeit $431,750. Prosecutors said Boateng admitted that nearly $1.5 million in laundering occurred through his direct role in the conspiracy.
The DOJ said the scheme ran from 2020 through November 2023 and involved shell companies, bank accounts opened in those entities’ names, stolen identity information, and transactions designed to conceal fraud proceeds. Boateng allegedly received money from at least seven EIDL loans and used a fake Maryland driver’s license bearing his photo with another person’s information.
The broader case charged 14 defendants, 13 of whom have pleaded guilty. The prosecution involved HSI, IRS-CI, EPA-OIG, and the U.S. Attorney’s Office for the District of Maryland.
For Find Corporate Waste, the case shows how pandemic-relief fraud often continued after funds were approved, with shell entities and false identity documents used to move and hide taxpayer money.
Anyone with inside knowledge of EIDL fraud, shell-company laundering, stolen-identity bank accounts, or pandemic-relief funds routed through false entities may have information relevant to public-fraud enforcement.
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