New Jersey Man Pleads Guilty to Bank Fraud Conspiracy Involving More Than $1 Million in Fraudulent Pandemic Relief Loans
Summary
The U.S. Attorney's Office for the District of Idaho announced that Xanare Bomani, of New Jersey, pleaded guilty to conspiracy to commit bank fraud involving fraudulent Paycheck Protection Program and Economic Injury Disaster Loan applications to financial institutions and the Small Business Administration. According to court records, between July 2020 and April 2021 Bomani worked with co-conspirators to falsify financial information and submit false applications to financial institutions in Boise and elsewhere to obtain more than $1 million in COVID relief funds. He faces up to 30 years in federal prison, a fine of up to $1 million and up to five years of supervised release. Sentencing is scheduled for December 15, 2026, before Senior U.S. District Judge B. Lynn Winmill.
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- Issuer
- U.S. Attorney’s Office, District of Idaho
- Document type
- Press release
- Date
- 2026-09-08
Cite this document
“New Jersey Man Pleads Guilty to Bank Fraud Conspiracy Involving More Than $1 Million in Fraudulent Pandemic Relief Loans.”
U.S. Attorney’s Office, District of Idaho, dated 2026-09-08. Archived at Pandemic Darlings, https://pandemicdarlings.com/source-documents/doj-usao-id-press-release-new-jersey-man-pleads-guilty-bank-fraud-cons-1f23d2429d/
, SHA-256 6a4eace28c6ee2118a680b353f02e63d6a2ecfb42e1c26b193bd6747115d53c2.Full text
Boise – U.S. Attorney for the District of Idaho Bart M. Davis announced today that Xanare Bomani, of New Jersey, pleaded guilty to conspiracy to commit bank fraud for participating in a scheme to defraud financial institutions and the Small Business Administration (SBA) through fraudulent Paycheck Protection Program (PPP) and Economic Injury Disaster Loan (EIDL) applications. On April 7, the Department of Justice announced the creation of the National Fraud Enforcement Division (Fraud Division). The Fraud Division is laser-focused on investigating and prosecuting those who commit fraud against the American people. The Department’s work to combat fraud supports President Trump’s Task Force to Eliminate Fraud, a whole-of-government effort chaired by Vice President J.D. Vance to eliminate fraud, waste, and abuse within Federal benefit programs. According to court records, between July 2020 and April 2021, Bomani worked with co-conspirators to falsify financial information and submit false applications to financial institutions in Boise and elsewhere to fraudulently obtain more than $1 million in COVID relief funds. Bomani faces a maximum penalty of 30 years in federal prison, a fine of up to $1 million, and up to five years of supervised release, along with restitution as determined by the court. Sentencing is scheduled for December 15, 2026, before Senior U.S. District Judge B. Lynn Winmill. This case was investigated by the Buffalo field offices of the IRS-CI and FBI. Assistant U.S. Attorney Brittney Campbell of the U.S. Attorney’s Office for the District of Idaho is prosecuting the case. ###
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- SHA-256
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- Original
- www.justice.gov