Long Island doctor, 48, who was lauded for giving 'free COVID testing' used $3.7million in fraudulent pandemic loans to buy a luxury yacht, cars and Rolex and Cartier watches
Dr. Konstantinos Zarkandas took out $3.7million in loans last year between March and July He said the money was to help his struggling businesses amid COVID closures He used the money on fancy cars, a luxury yacht and Rolex and Cartier watches The father-of-three pleaded guilty to fraud in court in New York last week He has not yet been sentenced but he faces up to 30 years when he is By Jennifer Smith, Chief Reporter For Dailymail.Com
Published: 19:18 GMT, 15 November 2021 | Updated: 19:21 GMT, 15 November 2021
Dr. Konstantinos Zarkandas took out $3.7million in loans last year between March and July
A Long Island doctor has pleaded guilty to fraudulently claiming $3.7million in COVID PPP loans then using the money to buy a luxury yacht and expensive designer watches.
Dr. Konstantinos Zarkandas, known as Dino to friends and family, admitted using the money that was intended to relieve small business during COVID closures, to fund his extravagant lifestyle.
The 48-year-old father-of-three is now awaiting sentencing and faces 30 years in prison, as well as forfeiture of $3,796,849.50 and a fine of up to $250,000.
The Department of Justice announced the charges in a press release on Friday.
Between n March 2020 and July 2020, Dr. Zarkadas applied for 11
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