Chinese National Admits To Trying To Scam $20 Million In Federal Covid Relief Funds » Scammer News

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A Chinese national who goes by the name “Hummer Mars” faces up to 30 years in prison after admitting he planned to take $20 million in federal Covid relief funding, mainly by defrauding the Paycheck Protection Program (PPP), in what appears to be one of the biggest known attempts to scam the loan program.

Key Facts

The man, whose actual name is Muge Ma, pled guilty to one count of bank fraud in Manhattan federal court on Tuesday.

Prosecutors said Ma claimed two companies he owned employed hundreds of workers and paid millions in wages, when, in fact, Ma was the only person working for the companies.

Ma submitted fraudulent payroll records, bank records and tax records between March and mid-May of 2020, according to the Justice Department.

Ma’s main target was the PPP loan

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