According to a U.S. Attorney's Office press release, the former president of the Anaheim Chamber of Commerce pleaded guilty to federal fraud charges for defrauding a cannabis company, PPP loan fraud, and giving a false statement to a financial institution.
Todd Ament, of Orange, pleaded guilty to two counts of wire fraud, one count of making a false statement to a financial institution, and one count of subscribing to a false tax return. According to Ament's plea agreement, her served as CEO and president of the Anaheim Chamber of Commerce. During this time, Ament and a political consultant, devised a scheme to divert proceeds intended for the Chamber through the PR firm and into Ament's personal bank account.
Ament further admitted in his plea agreement that for the years 2017, 2018 and 2019, he knowingly filed a false tax return that failed to report income from various sources. Ament admitted a total tax loss of $249,998.
Ament is scheduled to be sentenced on December 9 before U.S. District Judge Fernando L. Aenlle-Rocha where he faces up to 30-years in federal prison for each wire fraud count.
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