LA Woman Sentenced for $2.3M COVID Loan Fraud—a Los Angeles woman tried to outsmart forensic accountants and the feds but failed.
Lilian I. Golestan secured $2.3 million in COVID relief using fake documents, inflated payrolls, and creative math.
She even tried to claim an extra $3.6 million in employee retention credits, proving some people don’t know when to quit.
How did forensic accountants crack the case? Follow the money!
- Payroll discrepancies? Yep, they found ‘em. Turns out, claiming you have a massive workforce when you don’t have employees is a red flag.
- Tracing financial statements? Always a good move. Forensic accountants matched up actual business activity with reported revenue, and surprise—things didn’t add up.
- Bank records & spending patterns? She used fraudulently obtained funds for personal expenses (never a great strategy if you want to stay under the radar).
End result? 5 years in prison + $2.3M restitution.
Lesson: Forensic accountants have receipts, and they will find you. 📊💀
To read more fraud in the news, check out our previous post, GRACELAND FRAUD SCANDAL: A SUSPICIOUS MIND ALMOST SOLD ELVIS’ ESTATE
#FraudFails #ForensicAccounting #CrimeDoesntPay #PPPScam