A DRUG Dealer who supplied a gang with Cocaine on the south side also ripped off the government of More than $ 130,000 in Covid-19 Pandemic Money Intended for Struggling Businesses, Federal Prosecutors Say.
Marcus Taylor, 40, has pleaded guilty to defrauding the federal economic injury disaster loan in 2020 and the paycheck Protection Program in 2021. On Loan Applications, he lied that he Owned a Construction Company,
Taylor Also admitted selling a kilogram of Cocaine to an fbi informant in 2022 for $ 23,000. He Collated About $ 17,500 from the Informant, WHOM he kept badgers for the Remaining $ 5,000.
“Yo … trying to get that balance lil bro,” he said in a text Message, accorting to the fbi.
In his May 16 Plea Deal, Taylor Acknowledged He Had Sold the Informant About 2 kilograms of Cocaine A Month from 2020 Through Mid-2022. The informant then supplied gang members with the Black P Stones Nation with the Cocaine, Said Authorities.
The FBI Searched Taylor’s Home and Found More than $ 230,000 in Cash and Several Guns. Taylor admonted the cash was from his deals druug. Under the Terms of His Plea, he has aggreed to give up the Cash to the Government.
Prosecutors Said Taylor Faces a Possible Sentions of Eight to 10 Years in Prison. He’d been sentiment in 2018 in County County Criminal Court to Three Years in Prison for Identity theft for Violating His Probation in that Case.
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