Sentenced: Charlotte man obtained $760K+ in fraudulent COVID funds, DOJ says

Jesse Ullmann

March 29, 2024 at 8:35 AM·1 min read

CHARLOTTE, N.C. (QUEEN CITY NEWS) — A Charlotte man who fraudulently obtained over $760,000 in COVID-19 relief funds was sentenced this week, the U.S. Attorney’s Office for the Western District of North Carolina announced.

Zadih Cadyma, 66, of Charlotte, will serve over two years in prison after pleading guilty in April of last year to wire fraud and money laundering.

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Court records stated that from 2020 through 2021, Cadyma ran a tax service business and fraudulently applied for COVID relief money, resulting in more than $760,000.

Court records stated that much of the proceeds were used on lifestyle purchases including a new luxury vehicle. Cadyma was also ordered to repay the $760,000-plus in relief funds he received.

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Sentenced: Charlotte man obtained $760K+ in fraudulent COVID funds, DOJ says

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