NY Man Pleads Guilty in Pandemic Loan Fraud

NY Man Pleads Guilty in Pandemic Loan Fraud
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The Associated Press
Updated:
0:00

BUFFALO, N.Y.—A politically active western New York businessman has admitted to a multimillion-dollar pandemic loan fraud that, prosecutors have said, went partly to his campaign coffers for an unsuccessful bid for county office.

Court records show Hormoz Mansouri, who sought the Democratic nomination for Erie County comptroller in 2021, pleaded guilty Friday to federal bank fraud and fraud conspiracy charges.