Indictment — No. 1:24-cr-00120 (Dkt. 1, N.D. Ohio)

Summary

An indictment in United States of America v. Joseph Oloyede and Edward Oluwasanmi, Case 1:24-cr-00120-CAB, in the U.S. District Court for the Northern District of Ohio, Eastern Division, filed April 3, 2024 as Doc #: 1. The caption cites Title 18, United States Code, Sections 1343, 1349, 1957, and 2, and Count 1 charges conspiracy to commit wire fraud under 18 U.S.C. § 1349 from about April 2020 through about February 28, 2022. The grand jury alleges that the defendants submitted PPP and EIDL applications with falsified employee, payroll and revenue figures and falsified IRS and Ohio wage documents, and that Oloyede received kickbacks from other borrowers. It alleges that PPP applications for the defendants' own businesses obtained at least $685,222. The forfeiture section, covering Counts 1-13, lists real property in South Euclid and Medina, Ohio.

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