Duo sentenced in Cleveland for $24 million federal coronavirus relief fund scheme

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Duo sentenced in Cleveland for $24 million federal coronavirus relief fund scheme
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Two Florida men were sentenced Friday to years in prison for their roles in a $24 million federal coronavirus relief fund scheme.

U.S. District Judge Pamela Barker sentenced Philip Augustin to 6.5 years in prison and James Stote, of Hollywood, Florida, one of Augustin’s partners, to 10 years in prison.

Augustin, 53, of Coral Springs Florida, owned Clear Vision Music Group, a Florida talent agency that managed pro football players. Augustin was ordered to pay $5.9 million in restitution and forfeit $280,000 seized from his bank account.Stote’s attorney David Magilligan declined comment. Augustin’s attorney Michael Greico said he was happy with the sentencing and that his client— a U.S. Army veteran— is looking forward to serving his time and getting back to being a father and grandfather.

Augustin, Stote and 17 others— including a father-son duo from Cuyahoga County— were charged in the conspiracy. Augustin spearheaded the scheme. He filed for and received an $84,515 loan based on fake information he put in the loan application, and later developed a template for others to do the same.

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