Feds bust Armenian fraud ring accused of stealing $30M in COVID, small business loans
Share this @internewscast.com

For the second consecutive week, the Department of Homeland Security executed a significant early-morning operation in Los Angeles aimed at transnational organized crime groups. This week’s operation resulted in the arrest of fourteen individuals from an Armenian fraud network claimed to have illicitly obtained $30 million in COVID relief and Small Business loans intended for American taxpayers.

“If you’re unlawfully taking government funds, be prepared for us to knock on your door next,” warned U.S. Attorney for California’s Central District, Bill Essayli.

Authorities identify McGrayan as the mastermind behind the crime syndicate, which attempted to fraudulently acquire $47 million in federal aid and successfully acquired approximately $30 million. According to court documents, the accused are said to have used counterfeit documents, such as fake bank and tax records, to establish numerous shell companies to apply for the government funds.

“That’s $47 million in taxpayer funds that was meant to go to good use, and these transnational criminal organizations are exploiting the American people’s good will and using it for their personal gain,” said John Pasciucco, Acting Special Agent in Charge for HSI Los Angeles.  

Armenian flags

This week’s Department of Homeland Security raid netted 14 suspects in an Armenian fraud ring. (iStock)

After the fourteen suspects were arrested, they were brought to an unmarked, specially designated processing center to be booked. Law enforcement seized approximately $20,000 in cash, two money-counting machines, paper cash bands or currency straps in denominations of $2,000 and $10,000, multiple cell phones, multiple laptops, two loaded semi-automatic 9mm handguns, and boxes of 9mm ammunition.

The suspects are charged with a range of crimes from conspiracy, wire and bank fraud to money laundering.

Authorities say some of the money was spent on houses and luxury goods, other amounts were sent to Armenia, making it harder for the U.S. to trace.

Share this @internewscast.com
You May Also Like
Gazan boy alive after ex-GHF 'whistleblower' falsely claimed IDF killed him

Gaza Boy Found Safe After False Claims by Former GHF Whistleblower About IDF Involvement

A young Gazan boy dubbed “Amir,” who traveled to a Gaza Humanitarian…
Chicago anti-ICE protesters block vehicles, get hit with tear gas and pepper balls

Chicago Protesters Against ICE Disrupt Traffic, Face Tear Gas and Pepper Balls

Federal law enforcement officials used pepper balls and tear gas on Friday…
Random blue city stabbing death fuels new bail bill as ‘activists’ ripped for lack of crime crackdown: expert

A recent random stabbing death in a major city prompts new bail legislation, while ‘activists’ face criticism for not addressing crime, according to experts.

In the wake of the stabbing death of Ukrainian refugee Iryna Zarutska…
ICE Detains Marwan Marouf, Who Has Many Documented Terrorism Connections

ICE Apprehends Marwan Marouf, Known for Numerous Terrorism Links

On September 22, 2025, U.S. Citizenship and Immigration Services (USCIS) turned down…
New US citizens sworn in during naturalization ceremony at Instituto del Progreso Latino in Chicago

Newly Naturalized Citizens Celebrate Swearing-In Ceremony at Chicago’s Instituto del Progreso Latino

CHICAGO (WLS) — In Chicago on Friday, numerous individuals were sworn in…
Starbucks closing hundreds of stores: See the list of store closures

Starbucks Shutting Down Numerous Locations: Check Out Which Stores Are Closing

Dozens of Starbucks locations that are closing this weekend have been identified…
Broadview Police Chief Thomas Mills says he was verbally attacked by ICE agent; Mayor Katrina Thompson criticizes ICE in letter

Broadview Police Chief Alleges Verbal Assault by ICE Agent; Mayor Thompson Condemns ICE in Correspondence

New accusations have surfaced about rising tensions between ICE agents at the…
UN Security Council rejects China-Russia resolution extending Iran nuclear sanctions relief before deadline

UN Security Council Denies China-Russia Proposal to Extend Iran Nuclear Sanctions Relief Before Deadline

On Friday, the United Nations did not approve a proposal from China…
DEA in Atlanta using new lab to process federal drug seizures as fight against cartel heats up

DEA Enhances Efforts Against Cartels with New Lab in Atlanta for Processing Federal Drug Seizures

ATLANTA, Ga. – The Drug Enforcement Administration (DEA) in Atlanta has a…
Transportation Department tightens non-citizen truck driver rules after fatal crash in Florida

New Restrictions Imposed on Non-Citizen Truck Drivers by Transportation Department Following Deadly Florida Accident

The Transportation Department is set to immediately tighten the requirements for non-citizens…
LA assault suspect plays freeway Frogger to evade arrest: video

Suspect in LA Assault Attempts Dangerous Freeway Escape: Caught on Video

A hop, skip and arrest. A suspect involved in an assault tried…
President Donald Trump attends Ryder Cup in Bethpage for 'Tournament Friday'

Former President Donald Trump Joins ‘Tournament Friday’ at Ryder Cup in Bethpage

BETHPAGE, New York — President Donald Trump arrived on Long Island on…