US authorities have charged Martín Scamaroni-Cintrón for laundering funds obtained fraudulently from the government’s Unemployment Insurance (UI) and Pandemic Unemployment Assistance (PUA) Programs.
Scamaroni-Cintrón obtained UI and PUA payments from multiple states. He also procured the proceeds of US Small Business Administration loans, for which he was not eligible, in bank accounts he controlled in Puerto Rico. Scamaroni-Cintrón submitted the UI and PUA program applications by using the names of other individuals but his personal bank account details. This helped him conceal the nature, location, source, and ownership of the illicitly-obtained funds.
Overall, Scamaroni-Cintrón fraudulently obtained $361,683 in benefits and loans between May 2020 and January 2021.
Source: US Department of Justice