Muge Ma allegedly submitted paperwork with the Small Business Administration noting that he paid employees of New York International Capital LLC and Hurley Human Resources millions in salary. Prosecutors charged Ma last month, saying he lied about having hundreds of workers when he really had none.
Ma, 36, listed his condo in a luxury building as the addresses for the two businesses he purportedly ran, prosecutors said. He faces several charges, including bank fraud and major fraud against the US. Ma did manage to get a $10,000 loan advance before his scam unraveled.
Ma’s attorney did not immediately respond to a request for comment after prosecutors announced the charges.Last modified on Tuesday, 02 June 2020