BOSTON — A 43-year-old Lynnfield man was indicted Thursday morning in connection with an alleged scheme to fraudulently obtain Coronavirus Aid, Relief, and Economic Security Act loans, including funds from the Payroll Protection Program and unemployment benefits, the U.S. Attorney’s office for Massachusetts said.
Daniel Olivar was indicted on four counts of wire fraud. He was arrested Thursday morning and will appear in federal court in the city later Thursday, U.S. Attorney Rachael Rollins said in a statement.
Olivar owned Sonny’s Boxing and Fitness, Inc. in Middleton and, beginning in 2019, allegedly engaged in a scheme to obtain CARES act loans by filing “false and fraudulent applications,” including an Economic Injury Disaster Loan, and a PPP loan. Prosecutors said Olivar also allegedly falsely claimed he had been laid off from Gold’s Gym, and as a result, collected unemployment benefits from the state from January 2020 until at least May 2021.
If Olivar is convicted, he would face a sentence of up to 20 years for each charge of wire fraud.
The results of Olivar’s arraignment were not immediately available.
Charlie McKenna can be reached at [email protected].
