OAKLAND – A 53-year-old Brentwood man who misrepresented his marijuana distribution enterprise as a nonprofit to acquire $300,000 in COVID-19 aid funds was sentenced Thursday to only over three years in federal jail, in response to prosecutors.
Nguyen ran and was the only officer of T&A Distribution, an unlicensed interstate marijuana trafficking scheme with develop homes across the Bay Space, in response to prosecutors.
Prosecutors mentioned Nguyen used the enterprise to safe two Financial Damage Catastrophe Loans from the U.S. Small Enterprise Administration. The Coronavirus Support, Aid and Financial Safety Act licensed the SBA to offer EIDL loans to small companies experiencing substantial monetary disruption due to the COVID-19 pandemic.
Nguyen filed the primary mortgage software in April 2020 and the second in June 2020. In each, he licensed he was not concerned in any illegal exercise although he knew his marijuana distribution enterprise was unlawful below federal legislation, in response to prosecutors. He additionally purportedly lied about T&A Distribution’s gross revenues, value of operations and worker depend.
Within the first software, Nguyen claimed T&A Distribution was a nonprofit within the enterprise of “antiques/collectibles,” and within the second, he misrepresented T&A Distribution as a nonprofit within the enterprise of “miscellaneous services,” prosecutors mentioned.
Nguyen finally acquired about $300,000 in EIDL funds, which he largely used for his marijuana distribution enterprise and for playing, in response to prosecutors.
Along with a 37-month jail time period, Nguyen was ordered to serve three years of supervised launch and pay $300,000 in restitution, prosecutors mentioned. Nguyen will start serving his sentence on Feb. 28.
