‘I am (likely) the world’s most stupid person’: Former Microsoft and Amazon executive sentenced to 2 years for filing over $5 million in fake PPP loans

A one-time government at each Microsoft MSFT

and Amazon

has been sentenced to 2 years in jail for falsely submitting for almost $5.5 million in PPP loans for a bunch of startups that didn’t actually exist, prosecutors stated.

Mukund Mohan, 48, of Clyde Hill, Washington, who describes himself on his web site as an “investment literary coach,” pleaded responsible in March to wire fraud and cash laundering within the scheme wherein he submitted eight functions for presidency loans to assist his purported companies. 5 had been finally permitted and Mohan obtained $1.8 million.

To assist his functions, prosecutors say Mohan submitted phony tax types and statements that confirmed he employed dozens of individuals and was paying tens of millions of {dollars} in wages. In actuality, not one of the corporations existed besides on paper and had no staff, in accordance with court docket paperwork.

On his Twitter account, which has 54,000-plus followers, Mohan wrote as a profile description: “I’m (seemingly) the world’s most silly individual.”

“I’m (seemingly) the world’s most silly individual.”

— Mukund Mohan’s Twitter bio

“When people like Mr. Mohan abuse the profit packages underneath the CARES Act to unjustly enrich themselves, they’re stealing from these which might be essentially the most susceptible,” stated Corinne Klave, appearing particular agent answerable for the Inside Income Service’s prison investigation unit. 

In some instances, Mohan listed his dwelling handle as the placement of startups that he claimed employed quite a few folks, the paperwork confirmed.

The federal government picked up on the fraud rapidly and was in a position to recuperate virtually all the cash instantly. Prosecutors say Mohan had moved about $250,000 into a web-based brokerage account with Robinhood

however hadn’t but made any transactions. In all, he had spent somewhat greater than $16,000 and returned that shortly after his arrest in July 2020.

Along with his time in jail, Mohan was ordered to pay $1.79 million in restitution and a $100,000 superb. 

Mohan labored as a director of engineering and in different positions for Microsoft from 2011 till 2015 and a director of product administration at Amazon from 2016 by way of 2018, in accordance with his LinkedIn profile. Messages left with representatives for Microsoft and Amazon weren’t instantly returned,

A message left with Mohan’s legal professional wasn’t instantly returned.

Across the time of his arrest in 2020, Mohan posted an apology on his blog: “I damage individuals who trusted me, believed in me, and now are in addition to themselves. Sadly I can not discuss concerning the particulars given the authorized circumstances, however I actually apologize,” he wrote.” 

https://www.marketwatch.com/story/i-am-likely-the-worlds-most-stupid-person-former-microsoft-and-amazon-executive-sentenced-to-2-years-for-filing-over-5-million-in-fake-ppp-loans-11629840370?rss=1&siteid=rss | ‘I’m (seemingly) the world’s most silly individual’: Former Microsoft and Amazon government sentenced to 2 years for submitting over $5 million in pretend PPP loans


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