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Cobb man convicted of fraud after using $12M to live lavish lifestyle

Cobb man convicted of fraud after using M to live lavish lifestyle

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A 49 -year -old Marietta man is sentenced to 170 years of imprisonment after being convicted of fraud.

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On Friday, a 49 -year -old Karl Lucius Delano Torjagbo Carl Delano Torjagbo, a jury Marietta, convicted the bank fraud, wire fraud and black money laundering.

According to the court documents, on February 13, 2021, Torjagbo issued two tax declarations to IRS. Each tax return had a different social security number and date of birth.

Fake tax returns showed that Torjagbo has lost millions of dollars that balances gains from the African Gold Mine’s business, Kremkov Industries. This resulted in the US Treasury’s release of Torjagbo a check of $ 3,366.240.76.

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Doj said that days later, Torjagbo signed a salary check protection program (PPP PPP ”) that demanded $ 9,554,425 for his company. Court documents announced that Torjagbo has revealed that the company was opened on February 15, 2020.

The 38 -year -old said there were 493 employees residing in the USA and the average monthly payroll was about 4 million dollars.

In March 2021, Torjagbo received $ 9.6 million in a PPP loan. Authorities said that he used the PPP loan and tax refund to buy the following:

1,677,861.01 dollars for his house;
332,999,80 dollars for 2014 Lamborghini Aventador;
120,799,79 dollars for 2022 BMW M850XI;
2021 Land Rover Range Rover Velar 90,520 dollars;
51,000 dollars for a down payment on a 72 -meter yacht;
More than $ 1,000,000 for real estate, trucks and trailers to start a new business;
More than $ 15,000 for plastic surgery.