LOS ANGELES (CBSLA) – An Encino couple Sentenced in $ 18 Million COVID-19 Relief Fraud Case earlier this summer, they cut off their watch ankle bracelets and went on the run, the FBI reported Tuesday night.
In June, Richard Ayvazyas, 43, his wife, Marietta Terabelian, 37, and two other family members were convicted of fraudulently obtaining more than $ 18 million in paycheck protection program funds. and loans in the event of economic disasters.
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They used the money to make down payments on luxury homes in Tarzana, Glendale and Palm Desert and buy jewelry and other high-end items.
They were to be sentenced on October 4 in federal court in Los Angeles.
In a tweet Tuesday evening, the FBI said the couple cut off their surveillance bracelets and were considered a fugitive. The couple have been missing since Sunday. Their whereabouts are unknown.
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Evidence showed that the defendants used false identities or stolen identities to submit fraudulent loan applications. In support of the claims, the defendants also submitted false documents to lenders and the Small Business Administration, including false identity documents, tax documents and payroll records.
The couple used the fraudulently obtained funds as a down payment on luxury homes and to purchase gold coins, diamonds, jewelry, luxury watches, imported furniture, designer handbags, clothing and a Harley-Davidson motorcycle.
The FBI asks anyone with information about the couple to call 310-477-6565.
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