Camden man indicted

Camden N.J. (09/03/22. The U.S. Attorney said authorities believe 23-year-old Willoughby was the ringleader, saying he would give direction and guidance to the others when applying for Medicade loans and economic injury disaster loans — financial mechanisms made available to businesses having trouble staying afloat during the pandemic.
Investigators said they believed he would also get kickbacks from at least five of the defendants.

Investigators don’t believe they’ll recover anything close to the $2.5 million lost in the alleged scheme to defraud. Upon conviction, the government did identify a number of assets that would be seized ranging from an West Deptford home to a number of companies owned by Willoughby and $396,000 in cash. Several defendants will make their initial appearance in federal court in Camden on Tuesday afternoon.

A conviction on the charge of Conspiracy to Commit Wire Fraud carries a maximum of 20 years in prison.

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