An employee of NASA’s Jet Propulsion Laboratory (JPL) pled guilty to federal charges Monday alleging that he used COVID relief funds earmarked for the organization to finance an illegal marijuana cultivation operation and pay off personal real estate loans, the US Justice Department announced this week.
Armen Hovanesian, a 32-year-old resident of Glendale, Arizona, made false and fraudulent statements on three loan applications made out to business entities under his control between June and October of 2020.
Hovanesian received a total of $151,900 for loans provided by the Economic Injury Disaster Loan Program (EIDL) – a program administered by the Small Business Administration (SBA) that provided financing to small businesses, renters, and homeowners in regions impacted by the COVID-19 pandemic. Hovanesian assured the EIDL he would use the loan proceeds “solely as working capital to alleviate economic injury caused by disaster,” as per the terms and limitations of the EIDL program.
Hellbound and Down 