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Fraud charges for ‘serial entrepreneur’ Justin Cheng, who bought Rolex and Mercedes with US coronavirus relief loans

US prosecutors announced Tuesday criminal fraud charges against a Taiwanese man who spent nearly US$3 million in small business loans on a 18-carat gold Rolex watch, a Mercedes and other luxury items.Authorities arrested Cheng Sheng-wen, 24, and released details of an alleged scheme in which he claimed as employees numerous celebrities, professional athletes and other public figures, including one who was dead.The group included a television co-anchor, a former National Football League player…

Read the original article at South China Morning Post

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