Arizona Man Sentenced to 10 Years in Texas: $7 Million Car Dealership Fraud and $2.7 Million in PPP Fraud
The U.S. Attorney's Office for the Eastern District of Texas announced that Mark Exposito, 59, of Paulden, Arizona, has been sentenced to 10 years in federal prison for multiple fraud schemes involving millions of dollars. U.S. District Judge Amos L. Mazzant, III sentenced Exposito on November 10 to 120 months in federal prison and ordered him to pay $10,627,675 in restitution to his victims and to forfeit real property and jewelry.
Exposito had pleaded guilty in two separate fraud cases, originally filed in the Eastern and Northern Districts of Texas and consolidated for sentencing. In the first case, he conspired with others to commit wire fraud involving a car dealership in the Frisco area. The fraud caused more than $7 million in losses to the dealership, which eventually went out of business.
The second scheme involved Paycheck Protection Program (PPP) fraud. According to the Justice Department, Exposito conspired with others to fraudulently obtain more than $2.7 million in PPP loan proceeds.
Eastern District of Texas U.S. Attorney Jay R. Combs announced the sentence. The case was investigated by the FBI and the Small Business Administration Office of Inspector General and prosecuted by Assistant U.S. Attorney Matt Johnson.
(Source: U.S. Department of Justice)
Source: U.S. Department of Justice
Published by GSM · USA (original Chinese edition)
Photo: 图：美国司法部大楼本体（四级固定图库 fed-doj-building；当事人无官方照片，资料图）。 / The U.S. Department of Justice headquarters building (GSM fixed asset library; file photo, no official photo of the defendant is available).
