Denver's Anthony Zaghab Charged With Fraudulently Receiving $700,000 In COVID Relief Funds

By Logan Smith, CBS Denver:

DENVER (CBS4) — Fifty-two-year-old Anthony Zaghab of Denver was charged in a Denver federal courtroom earlier this month with wire fraud after applying for and receiving more than $700,000 in COVID-19 related federal assistance.

Zaghab applied for Economic Disaster Injury Loans (EIDL) and Paycheck Protection Program (PPP) from the U.S. Small Business Administration between April 2020 and February 2021, according to case documents. He allegedly received $660,000 in EIDL and PPP payments.

Prosecutors with the United State Attorney General’s Office in Denver allege Zaghab “falsely represented that the information provided in the EIDL applications was true and accurate,” as stated in a June 17 press release. “Specifically, …Zaghab falsely stated the number of employees, the purported gross revenues, and the purported cost of goods sold for each of these entities.”

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