Laundered Proceeds Were Used to Purchase $1.7 Million House, Lamborghini, BMW, Range Rover, and Yacht with Tax Dollars
Following a weeklong trial, Carl Delano Torjagbo, a/k/a Karl Lucius Delano, was convicted by a federal jury of bank fraud, wire fraud, and money laundering after obtaining a fraudulent $9.6 million Paycheck Protection Program (“PPP”) loan and filing fraudulent tax returns that generated a $3.4 million IRS refund.
The Story
This defendant’s massive PPP fraud abused a valuable program intended to assist struggling Americans during a global pandemic. The defendant then claimed a fraudulent $3.4 million tax refund,” said U.S. Attorney Theodore S. Hertzberg.
“Torjagbo defrauded a federal loan program of which its intended use was to assist businesses in covering rent, utility payments, and other job saving needs during the COVID-19 pandemic,” said Special Agent in Charge Demetrius Hardeman, IRS Criminal Investigation, Atlanta Field Office. “Taxpayers’ money that should have gone to these businesses instead went to Torjagbo, who then used it to fund his lavish lifestyle. IRS Criminal Investigation special agents, along with our federal and state law enforcement partners, will continue identifying, investigating, and bringing to prosecution individuals and companies who took advantage of a program Americans desperately needed during a period of economic hardship.”
He faces a maximum of 170 years of imprisonment followed by five years of supervised release. In determining the actual sentence, the Court will consider the United States Sentencing Guidelines. They are not binding but provide appropriate sentencing ranges for most offenders.
Sentencing is scheduled for November 3, 2025, at 10:00 a.m. before United States District Judge Michael L. Brown.
[The programs were rife with fraud because the Biden Democrat administration wouldn’t put proper oversight on it and rushed the money out the door.]
A Marietta man has been convicted after a week-long trial for stealing $9.6M in PPP loans and $3.4M through tax fraud. Here’s a glimpse at the luxury lifestyle he funded with YOUR tax dollars — and what he’s now paying the price for. @NDGANews https://t.co/GY1Xm3wn0Y pic.twitter.com/z6FJ7O3Sep
— FBI Atlanta (@FBIAtlanta) July 30, 2025
I’m sure there were many companies that the PPP program helped. I’m likewise certain that many legitimate companies took advantage to accept free money. The company I worked for at the time took a massive payout (millions which was forgiven) although we were considered “essential workers”. Our operations, after the first two week pause, went back full force and never… Read more »
Stealing millions then sticking around to see if they’re smart enough to catch you is pretty dumb!
This guy is Tiny Tim compared to Nancy Pelosi.
I hope the government is at least smart enough to confiscate everything this guy “owns”, sells it off and returns the money to the US treasury. Another clueless, worthless POS that has no conscience nor moral compass. So, what’s new in America? Seems the majority think the law applies to everyone but themselves.
lol After 170 years in jail, they probably won’t have to worry about keeping up with him on “supervised release”. Who wrote that?
Haha I guess the prosecutor wanted to leave no stone unturned.