New Hampshire, California men arrested for CARES Act fraud

2 accused of fraud in applying for $5M in CARES Act loans CONCORD, N.H. (AP) — Two men have been indicted by a federal grand jury in New Hampshire on multiple fraud charges alleging that they falsely applied for $5 million in federal CARES Act loans for companies and misused some of the proceeds, including one man's purchase of a Rolls Royce. AP NEWS

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One man was based in Northwood, New Hampshire, and the other initially was in the state and later moved to Irvine, California, according to court documents....