Judgment — No. 2:22-cr-00077 (Dkt. 45, C.D. Cal.)

Summary

The Judgment and Probation/Commitment Order for Raghavender Reddy Budamala, No. 2:22-cr-00077-ODW, in the U.S. District Court for the Central District of California, filed September 26, 2022 as Document 45. On a guilty plea, the court convicts the defendant of bank fraud on Count 1 and transactional money laundering on Count 10 of the Indictment. It imposes 48 months on each count, served concurrently, followed by 1 year of supervised release. The order sets a $200 special assessment and restitution of $5,151,497 to the SBA under 18 U.S.C. § 3663A, waives fines and interest, and makes the preliminary order of forfeiture final. Supervision conditions bar any role in the affairs of an FDIC-insured financial institution and require mental health treatment.

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