On February 27, 2023, in the Middle District of North Carolina, Javar Lajuan Clark was indicted on one count of wire fraud and one count of money laundering. In July 2020, Clark submitted a fraudulent Economic Injury Disaster Loan (EIDL) in the name of “Handy Works By J Clark,” reflecting $280,920 in revenues over the prior 12 months. The fraudulent EIDL application, submitted to the Small Business Administration, contained an employer identification number (EIN) acquired though the Internal Revenue Service online portal, just two months earlier in May 2020. As a result of the unlawful EIDL application, supported by the EIN, Clark received $130,400 in EIDL funds and $10,000 in EIDL advance funds. At sentencing, Clark faces a maximum of 20 years’ imprisonment for wire fraud, a maximum of 10 years’ imprisonment for money laundering, and fines.
Source: The facts in this case narrative come from the following publicly available document: M.D.N.C., Indict., filed Feb. 27, 2023.