A Nigerian citizen, identified as Salako, has been indicted in a U.S. federal court for allegedly orchestrating a $5.6 million fraud scheme tied to the Paycheck Protection Program (PPP). Prosecutors in Nevada allege Salako submitted a bogus loan application under the fictitious name “Turn‑Turn‑Turn,” seeking funds intended for pandemic relief efforts .
According to court documents, Salako is accused of submitting false company details and inflating payroll numbers to mislead lenders into approving the large PPP loan. Authorities say the goal was to exploit government relief programs launched to support small businesses during the COVID‑19 crisis .
Upon discovery of the fraudulent documentation, federal investigators launched a probe into the loan application. The U.S. Department of Justice has formally charged Salako with bank fraud, for which he could face substantial prison time and be required to repay the ill-gotten funds .
This case is one among several high-value PPP fraud investigations in recent years, highlighting how criminals worldwide have attempted to exploit COVID‑19 relief programs.
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