According to Decrypt, Carmine G. Agnello, the grandson of American mob figure John Gotti, has been sentenced to 15 months in prison and ordered to repay approximately $1.27 million for fraudulently obtaining around $1.1 million in U.S. COVID relief loans through false applications. He reportedly diverted about $420,000 of the funds into crypto-related businesses instead of the declared purposes. The case highlights how the relaxed loan distribution environment during the pandemic led to some funds being redirected to the crypto sector, with regulators estimating significant fraud risks in related projects. https://(wublock123.com)/news/mafia-member-jailed-for-misusing-covid-relief-to-buy-crypto-59898