NY Man Pleads Guilty in Pandemic Loan Fraud

BUFFALO, N.Y.—A politically active western New York businessman has admitted to a multimillion-dollar pandemic loan fraud that, prosecutors have said, went partly to his campaign coffers for an unsuccessful bid for county office. Court records show Hormoz Mansouri, who sought the Democratic nomination for Erie County comptroller in 2021, pleaded guilty Friday to federal bank fraud and fraud conspiracy charges. “I acted with willful intent to violate the law,” Mansouri told the court, according to The Buffalo News. The 70-year-old remains free on $250,000 bond until his sentencing, set for February. Sentencing guidelines in his case indicate a prison term between 33 and 41 months, according to the newspaper....