Detroit man pleads guilty in $590,000 coronavirus fraud scheme

DETROIT — A Detroit man has pleaded guilty for his role in weaving a $590,000 coronavirus fraud scheme, according to a release from the Department of Justice.Darrell Baker, 56, pleaded guilty to counts of bank fraud and money laundering Friday after intentionally attempting to defraud a Pennsylvania bank under the guise of a loan under the Payroll Protection Program, which was established to help small businesses weather the pandemic.Baker was approved for a $590,000 loan for his company, “Motorcity Solar Energy, Inc.,” through Customers Bank in Pennsylvania. In his application documents, Bake…

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HEDGE accordingly