A federal grand jury has returned an indictment for the former CEO of Strong City Baltimore.

Reginald Davis, 40, is charged with wire fraud and money laundering in relation to the submission of fraudulent COVID-19 CARES Act loan applications.

According to the Department of Justice, Davis allegedly stole over one million in taxpayer dollars that were intended to assist those suffering from the effects of the pandemic.

Assistance from the CARES Act included forgivable loans to small businesses for job retention and other expenses through the Paycheck Protection Program, or the the PPP loan program.... Read More: WMAR2NEWS