Information — USA v. Zarkadas (Dkt. 4, E.D.N.Y.)

Summary

A criminal information against Konstantino Zarkadas, Case 2:21-cr-00363-GRB, filed 11/12/21 as Document 4 in the U.S. District Court for the Eastern District of New York. Count One charges disaster relief fraud under Title 18, United States Code, Sections 1040(a)(2) and 1040(b)(1), and Count Two charges wire fraud under Section 1343. The information alleges that between March 30, 2020 and September 1, 2020, both dates being approximate and inclusive, Zarkadas submitted or caused to be submitted at least 11 PPP and EIDL loan applications with false employee, payroll and use-of-proceeds information, and that approximately $3.7 million was transferred to accounts he established. It alleges he used approximately $24,500 in EIDL proceeds for a Rolex wristwatch and approximately $194,915.42 in PPP funds toward a yacht, and it seeks forfeiture of listed watches.

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