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If Onah is convicted of wire fraud, the charge carries a maximum sentence of 30 years in prison, five years of post-imprisonment supervised release and a $1 million fine. Onah received the loans from two banks and the Small News Administration between April 1, 2020, and March 3, 2021, federal prosecutors said.
If he is convicted of engaging in transfers of wire fraud with proceeds of a value greater than $10,000, Onah will face up to 10 years in prison, up to three years of post-imprisonment supervised release and a maximum fine of $250,000. Onah submitted fraudulent tax documents and fake bank statements in his loan application to obtain the Paycheck Protection Program and Economic Injury Disaster loans, according to a news release from the U.S. Attorney’s Office for the Northern District of New York.
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