JPL employee admits he used COVID money fraudulently to grow pot
A JPL employee has pled guilty to lying on his applications for COVID loans in order to use the money “to pay off a real estate debt and fund his illegal cultivation of marijuana.”
Armen Hovanesian, 32, of Glendale, agreed to plead guilty to defrauding a government sponsored loan plan in 2020, admitting to using some of the fraudulently obtained cash to fund an illegal marijuana cultivation operation. Hovanesian works as a cost-control and budget-planning resource analyst for the JPL, which is a federally funded research lab for NASA, according to the United States Department of Justice.
From June 2020 to October 2020, Hovanesian submitted three loan applications to the Economic Injury Disaster Loan Program for businesses he operated. The program provided low-interest financing to small businesses, renters and homeowners affected by disasters, including the coronavirus pandemic. As part of his plea agreement, he admitted to making false and fraudulent statements when applying for the loans, including lying about each business’s revenue from the previous year, as well as making “false and fraudulent” statements regarding what he planned to do with the money if approved for the loans. [emphasis mine]
That this guy’s job at JPL was essentially a bean counter suggests this might help explain the center’s recent budget and management problems. It certainly indicates the quality of its management has declined.
A JPL employee has pled guilty to lying on his applications for COVID loans in order to use the money “to pay off a real estate debt and fund his illegal cultivation of marijuana.”
Armen Hovanesian, 32, of Glendale, agreed to plead guilty to defrauding a government sponsored loan plan in 2020, admitting to using some of the fraudulently obtained cash to fund an illegal marijuana cultivation operation. Hovanesian works as a cost-control and budget-planning resource analyst for the JPL, which is a federally funded research lab for NASA, according to the United States Department of Justice.
From June 2020 to October 2020, Hovanesian submitted three loan applications to the Economic Injury Disaster Loan Program for businesses he operated. The program provided low-interest financing to small businesses, renters and homeowners affected by disasters, including the coronavirus pandemic. As part of his plea agreement, he admitted to making false and fraudulent statements when applying for the loans, including lying about each business’s revenue from the previous year, as well as making “false and fraudulent” statements regarding what he planned to do with the money if approved for the loans. [emphasis mine]
That this guy’s job at JPL was essentially a bean counter suggests this might help explain the center’s recent budget and management problems. It certainly indicates the quality of its management has declined.