LAS VEGAS – In a significant development, a Las Vegas doctor and his wife are charged with collecting $1.3 million in bogus COVID-19 relief loans. The Economic Injury Disaster Loan (EIDL) and Paycheck Protection Program (PPP) loans were allegedly obtained by Kofi Sarfo, 58, and Rose Sarfo, 54, according to the DOJ.
Vista Medical Associates owner and doctor Kofi Sarfo is accompanied by his wife Rose, the office manager and treasurer. The pair allegedly falsified loan applications to steal pandemic relief funding.
Investigators say the Sarfos used some of the loans to buy stocks and cryptocurrency instead of supporting their firm during the outbreak.
According to Vista Medical Associates, Kofi Sarfo has been a Las Vegas physician since 2004 and is listed in Las Vegas and US “Top Doctors” publications.
The couple faces four wire fraud charges and one conspiracy charge. Kofi Sarfo also faces money laundering charges. Each count of wire fraud and conspiracy could result in 20 years in prison. Kofi Sarfo may serve 10 years for money laundering.
As the case progresses, the FBI Las Vegas Field Office will reveal more.
Credits: Fox 5 Vegas
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