| Two
Men Charged With PPP Fraud Are Freed on
$250,000 Bond As 4 Passports Turned In
By Matthew
Russell Lee, Patreon Maxwell
Book
BBC
- Guardian
UK - Honduras
- ESPN
SDNY MAG COURT
EXCLUSIVE, Oct 24 - In
the U.S. District Court for
the Southern District of New
York on October 24, two bond
proceedings were held by
Magistrate Judge Robert W.
Lehrburger. Inner City Press
was there, the only media in
the Mag Court.
The two
defendants, presented
together, were charged with
defrauding banks and the SBA
out of over $2 million in a
Paycheck Protection Act
scheme. They claimed to have
two hundred employees, but had
none.
In fact,
the prosecutor described them
as self-employed, and both
dual citizens of the US and
Israel. Four passports were
turned over.
Moshe Rosenfeld,
treasurer of Sar Shalom
(described in the Complaint as
"purporting to be a
not-for-profit entity
providing financial aid to the
Jewish community," had been
arrested on Sunday, October
23; he got a Criminal Justice
Act lawyer.
Zvi Zigelman was
arrested earlier on October
24, and retained private
counsel just back from a trial
in EDNY that Inner City Press
covered.
Both were
released on $250,000 bond,
with two weeks to come forward
to two financial responsible
persons each to co-sign.
The case is US v.
Rosenfeld, et al., 22-mj-8474
(Lehrburger)
***
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