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Ex-Microsoft director pleads guilty to wire fraud in US

Sumary of Ex-Microsoft director pleads guilty to wire fraud in US:

  • Former Microsoft Ventures director and angel investor Mukund Mohan has pleaded guilty to wire fraud and money laundering regarding his scheme to obtain over $5.5 million in Paycheck Protection Program (PPP) loans and laundering the proceeds, the acting US Attorney for the Western District of Washington said in a press release issued on Monday…
  • The release said under the terms of the plea agreement, prosecutors will recommend the low end of the federal sentencing guidelines range…
  • “Both prosecution and defence will recommend that Mohan pay a $100,000 fine in addition to his restitution obligation,”..
  • Quick action by federal law enforcement resulted in the seizure of all but just over $16,000 of federal loan funds from Mohan accounts…
  • Last year, Mohan was charged by the US Attorney office with fraudulently applying for more than $5.5 million in coronavirus relief funds….

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