BELLEVUE, WA — A Washington tech executive has been charged for laundering millions of dollars that were supposed to be used supporting businesses and employees during the coronavirus pandemic.
The Department of Justice says 48-year-old Mukund Mohan of Clyde Hill filed eight fraudulent Paycheck Protection Program loans for six different companies. Paycheck Protection Program, or PPP, loans are supposed to be used to help struggling businesses stay afloat and pay their employees during the pandemic, but prosecutors say Mohan illegally used the money to support himself instead.
The complaint against Mohan alleges he lied several times about the companies he was requesting loans for, and about how many people were on their payroll. In one case, the DOJ says Mohan claimed a company of his, Mahenjo Inc., had dozens of employees who were receiving millions in wages during the pandemic. In fact, Mohan had bought Mahenjo online in May of