A North Carolina woman is facing fraud charges for going on a decadent shopping spree after getting a $150,000 COVID-19 relief loan.
Prosecutors say 24-year-old Jasmine Johnnae Clifton obtained the loan for her online clothing retail business - but spent the money on shopping trips to stores like Nordstrom, Neiman Marcus and Louis Vuitton.
Now she's facing up to 30 years in prison and fines of up to $1,000,000.
The Office of Small Business Administration believes that billions of dollars in loans were given to fraudulent businesses last year under the CARES Act.
Photo: Getty Images