Indictment — No. 7:22-cr-00320 (Dkt. 2, S.D.N.Y.)

Summary

A sealed indictment against Elizier Scher, Case 7:22-cr-00320, in the U.S. District Court for the Southern District of New York, filed 06/07/22 as Document 2, charging one count of wire fraud under Title 18, United States Code, Sections 1343 and 2. It alleges that over an approximately four hour period on or about July 13, 2020, Scher submitted twelve EIDL applications to the SBA for companies including Truck Your Way Inc. and Scher Realty Group Inc., with materially false statements about gross revenue and cost of goods sold. The indictment states that between on or about July 20, 2020 and on or about August 11, 2020 the applicants received a net total of approximately $1,648,900 in loan proceeds. It alleges Scher used the proceeds to buy real estate and pay credit card expenses instead of for working capital. It includes a forfeiture allegation.

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