An indictment was unsealed charging a Nevada doctor and his wife with fraudulently obtaining approximately $1.3 million in COVID-19 pandemic relief loans through the Economic Injury Disaster Loan (EIDL) program and the Paycheck Protection Program (PPP). According to court documents, Kofi Sarfo, 58, of Las Vegas, is a medical doctor and the owner and president of Vista Medical Associates, a Las Vegas medical practice. His wife, Rose Sarfo, 54, also of Las Vegas, is the office manager and treasurer of Vista Medical Associates. Kofi and Rose Sarfo allegedly conspired to submit false loan applications to obtain EIDL and PPP pandemic relief funds. Rather than spending the money on their business as represented in the loan applications, the Sarfos allegedly used at least some of the funds to purchase stocks and cryptocurrency. The Sarfos are charged with one count of conspiracy to commit wire fraud and four counts of wire fraud. In addition, Kofi Sarfo is charged with one count of money laundering. If convicted, they each face a maximum penalty of 20 years in prison for conspiracy to commit wire fraud and for each count of wire fraud. Kofi Sarfo also faces a maximum penalty of 10 years in prison on the money laundering charge.
