years in federal prison for each count of bank fraud

Up to 10 years in federal prison for each count of unlawful monetary transactions

 COVID loan fraud is heinous. Criminals fraudulently applied for and received the money that honest people needed to keep their businesses alive,  said IRS-CI Texas Field Office Special Agent in Charge Christopher J. Altemus Jr.

The DOJ is also seeking the forfeiture of Watson's Cedar Hill home, along with a monetary judgment for the full value of the loans.