Man who spent several years in prison for bank fraud charged with lying to get government pandemic funds

A Salisbury antheral faces charges helium listed investors - 1 a 95-year-old Dedham antheral - successful 2 companies helium owns arsenic employees truthful helium could get national pandemic loans past twelvemonth that helium past utilized to wage idiosyncratic expenses alternatively than to enactment the employees helium did not really employ.

James Joseph Cohen was arrested contiguous connected a national complaint of slope fraud, according to records successful US District Court successful Boston.

The complaint comes a decennary aft Cohen, past known arsenic Jamie Edelkind, was released from a national prison, wherever helium served a five-year condemnation for slope fraud related to a bid of mortgages helium took retired connected the "Honey Fitz" mansion successful Hull, erstwhile owned by JFK's gramps and inactive containing marks showing the maturation of the lad who would 1 time go president. In that case, Cohen/Edelkind tried but failed to pin the transgression connected his wife, who fled to Norway with their 3 children.

According to an affidavit by an FBI cause successful the existent case, Cohen submitted a bid of mendacious claims to the SBA and the national Paycheck Protection Program past twelvemonth to triumph astir $1.2 cardinal successful SBA and PPP funds, based connected applications that claimed each institution had yearly net of much than $2 cardinal and that 1 of the companies was paying its president $225,000 a year. One of the companies, Ceromaze, claims to usage "bleeding borderline microwave photonic devices, and a method exemplary of cued encephalon monitoring and enervation" arsenic treatments for a assortment of brain-related issues, including "addiction, OCD, PTSD, hypersexuality, hostility and organically originated deviancy manifest arsenic paranoia and hallucinations."

In fact, the affidavit states, neither institution had immoderate revenues successful the preceding twelvemonth and the alleged president was the Dedham elder citizen, who told the FBI that helium was an capitalist successful the company, but not an employee, fto unsocial the president. The cause adds that different alleged employee, with a expected wage of $74,280.58, besides denied moving for the company. The affidavit adds:

COHEN falsely stated that CEROMAZE had an mean monthly payroll for 2019 of $137,574 and that the institution had 11 employees. In fact, CEROMAZE was not adjacent incorporated until September 4, 2019, and its slope records bespeak nary wage paid to employees earlier April 2020. ...

COHEN claimed that helium paid purported employees - PE’s 8, 9, and 11 - a full of astir $194,017 successful compensation, erstwhile payroll records, slope records, and COHEN’s ain connection beneath show that PE’s 8, 9, and 11 were not CEROMAZE employees during that clip period.

Innocent, etc.