A purported businessman who allegedly falsely claimed to have hundreds of employees in an attempt to secure $20 million in COVID-19 loans was arrested last week, according to the U.S. Attorney’s Office for the Southern District of New York.
Muge Ma, aka “Hummer Mars”, 36, of Manhattan, was charged with bank fraud, wire fraud, making false statements to a bank, and making false statements to the Small Business Administration (SBA), among other charges. The most serious charge carries a sentence of up to 30 years in prison.