A Los Angeles County man was sentenced Thursday to nearly four years in prison and ordered to pay almost $7 million in restitution for his role in defrauding the Small Business Administration out of millions of dollars via a government disaster relief loan program.
Abraham Park, 67, of La Mirada pleaded guilty in Santa Ana federal court in March to wire fraud and money laundering, according to the Justice Department.
Court documents show that from March 2020 through October 2022, Park submitted more than 120 fraudulent applications to the SBA for Economic Injury Disaster Loan Program grants on behalf of himself and others which resulted in a total funded and unfunded loss of over $12 million.
Along with the 46-month prison sentence and restitution, Park was ordered by U.S. District Judg