Date: 03-07-2025

Case Style:

United States of America v. Tyreek Rasheed Exum

Case Number: 21CR178

Judge: Louise W. Flanagan

Court: The United States District Court for the Eastern District of North Carolina (Craven County)

Plaintiff's Attorney: The United States Attorney’s Office New Bern

Defendant's Attorney:

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Description:

New Bern, North Carolina criminal defense lawyer represented the Defendant charged with $1 Million Covid Fraud Scheme
Eastern NC Man Sentenced to Over Four Years for Role in $1 Million Covid Fraud Scheme

TYREEK RASHEED EXUM, 26, was charged in a multi-count indictment alleging various offenses related to a Covid fraud scheme. On September 24, 2024, Exum pled guilty to Conspiracy to Commit Wire Fraud. Co-defendant Anthony Wandland, Jr., of Chicago, Illinois, pled guilty to the same charge on November 13, 2024.

Exum and Wandland conspired to use over 20 stolen identities and the identities of co-conspirators to apply for Economic Injury Disaster Loans (EIDL) and Pandemic Unemployment Assistance benefits. The indictment charged that Wandland provided Exum with the stolen identities, and, in exchange, Exum gave Wandland a percentage of the proceeds. Each loan application submitted by Exum contained false statements, misrepresentations, and omissions related to income, employment, and claimed business entities. Exum signed various financial documents, including loan and security agreements, in the names of those stolen identities and then had the loan proceeds deposited into his personal bank account, nominee bank accounts, bank accounts of family and friends, and into accounts in the names of stolen identities. Exum exercised control over these accounts by obtaining bank debit cards and by causing nominees to transfer the fraud proceeds to other accounts controlled by him via various digital mediums such as PayPal and CashApp. Exum also withdrew the cash at multiple ATMs. In total, the indictment alleged Exum received nearly $1 million in fraudulent loan proceeds. The Court ordered Exuma to pay more than $620,000 in restitution.

Daniel P. Bubar, Acting U.S. Attorney for the Eastern District of North Carolina made the announcement after sentencing by U.S. District Judge Louise W. Flanagan. IRS Criminal Investigation investigated the case and Special Assistant U.S. Attorney Lisa Labresh prosecuted the case.

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Kent Morlan, Esq.

Outcome:

Defendant was found guilty and sentenced to 50 months in prison and The Court ordered Exum to pay more than $620,000 in restitution.

Plaintiff's Experts:

Defendant's Experts:

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