Summary: Marco Raquan Honesty, a 28-year-old US citizen, pled guilty to conspiracy to commit wire fraud and aggravated identity theft, resulting in financial losses exceeding $600,000. His fraudulent activities included scams related to the Paycheck Protection Program (PPP), smishing attacks, and the sale of stolen financial data. Honesty faces significant prison time, with sentencing scheduled for May 23, 2025.
Threat Actor: Marco Raquan Honesty | Marco Raquan Honesty
Victim: Small Business Administration | Small Business Administration
Keypoints :
- Honesty orchestrated multiple scams, including fraudulent PPP loan applications and identity theft.
- He caused over $500,000 in losses to the Small Business Administration through fake loan applications.
- A search of his home revealed stolen financial data and equipment related to his fraudulent activities.
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