Blockchains Finance:Mississippi man who defrauded pandemic relief fund out of $800K gets 18-month prison term

2025-05-05 10:01:56source:Charles H. Sloancategory:Invest

OXFORD,Blockchains Finance 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:Invest

Recommend

At site of suspected mass killings, Syrians recall horrors, hope for answers

DAMASCUS — A hip bone in a blown-out building, part of a spine amid some debris, a few foot bones in

Missing Titanic sub has less than 40 hours of breathable air left as U.S. Coast Guard search continues

A sub that went missing while carrying five people to the wreckage of the Titanic has less than 40 h

Diversity in medicine can save lives. Here's why there aren't more doctors of color

Sabina Spigner says she's always known she wanted to be a doctor. But, as a premed student at the Un