LYNNFIELD — A town resident and owner of a local boxing gym pleaded guilty last week in federal court to committing fraud for obtaining Coronavirus Aid, Relief, and Economic Security (CARES) Act loans and accumulating unemployment benefits under the Payroll Protection Program, according to the U.S. District Attorney’s Office for Massachusetts.
Daniel Olivar, 44, is scheduled to appear before the court for sentencing in December. Olivar pleaded guilty to four counts of wire fraud.
The Lynnfield resident was the owner of Sonny’s Boxing and Fitness, Inc., a gym in Middleton. From 2019 to 2022, Oilvar filled out “fraudulent applications” to gain access to CARES Act loans.
According to prosecutors, Olivar falsely claimed unemployment benefits from the state of Massachusetts for a year and a half by alleging that he had been laid off from Gold’s Gym during COVID-19.
Under the charge of wire fraud, Olivar is subject to a sentence of up to 20 years in prison, a fine of up to $250,000, and three years of release under supervision. The sentence will be levied by a federal judge on the basis of the U.S. sentencing guidelines and statutes.
According to the U.S. District Attorney’s Office for Massachusetts, acting U.S. Attorney Joshua S. Levy, and Special Agent Jodi Cohen, who is in charge of the FBI’s Boston Division, made the announcement last week. Assistant U.S. Attorney Laura J. Kaplan of the Criminal Division will be prosecuting the case.
