Contact Us Today 949-565-3988


3 Los Angeles Fugitives Convicted of $18 Million PPP Loan Fraud Caught

Posted by John Rogers | Mar 09, 2022

Three individuals from a Los Angeles-based fraud ring who went on the run after being convicted of stealing more than $18 million in COVID relief loans were captured in Montenegro.

Richard Ayvazyan and Marietta Terabelian went missing last year. The two were convicted at trial but were granted pretrial release prior to their sentencing hearing.

Co-defendant Tamara Dadyan, a real estate broker, was sentenced to almost 11 years in federal prison. She apparently disappeared and was due to turn herself in last month.

All three defendants were convicted in their role in obtaining a PPP loan fraud scheme. They submitted nearly 150 fraudulent loan applications under which they obtained more than $18 million in Paycheck Protection and Economic Injury Disaster Loan program funds.

While the three were captured, Montenegro does not have an extradition treaty with the United States. The Department of Justice is working with the Montenegro government to turn the three into U.S. custody.

If you have been charged with a federal offense, then contact us to schedule a free consultation with a federal criminal defense attorney.

About the Author

John Rogers

*State Bar Board Certified Specialist in Criminal Law *Top 40 Under 40 by the National Trial Lawyers Association *Selected “Rising Star” by Super Lawyers Magazine *Federal Criminal Defense Representation Nationwide *Personalized Attention & 24/7 Accessibility


Orange County federal crimes lawyer John Rogers is committed to providing exceptional representation all throughout California federal courts.

We'll gladly discuss your case with you at your convenience. Contact us today to schedule a confidential appointment.