BOSTON (AP) — A Massachusetts mayor was arrested Friday and charged with fraudulently obtaining a pandemic loan and using the money to fund his election campaign as well as pay off high-interest mortgages on several of his properties and personal taxes.
Lawrence Mayor Brian DePena was charged Friday with one count of wire fraud and one count of money laundering.
DePena, 61, is accused obtaining a COVID-19 small-business loan worth $1.5 million for his tire sales business. Rather than using the money for the business, DePena allegedly spent more than $880,000 to pay off high-interest mortgages on various businesses and put
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