Lawrence Mayor arrested on wire fraud, money laundering charges #police #cops #government #camera

Lawrence Mayor Brian DePeña has been arrested on wire fraud and money laundering charges.

According to the U.S. Attorney’s Office for Massachusetts, DePeña allegedly obtained more than $1.5 million in COVID small-business loans and used the money for personal and political expenses.

DePeña, 61, is charged with one count of wire fraud and one count of money laundering.

According to federal prosecutors, DePena used the money to pay personal tax debts, fund his mayoral campaign and pay off more than $880,000 in high-interest mortgages on properties he owned in Lawrence.

The charges center on Economic Injury Disaster Loans, or EIDLs, that DePena allegedly obtained through Tenares Tire Services Inc., a Lawrence tire sales and automotive services business he owned.

According to prosecutors, DePena first obtained a $150,000 EIDL for Tenares Tire in June 2020.

In 2021, prosecutors allege DePena asked for additional money as his mayoral campaign faced financial problems, he owed back taxes to the IRS, and he owed nearly $900,000 to two private lenders.

In July 2021, while waiting for the SBA to approve an increase in the loan, DePena allegedly sent several messages to his accountant and financial adviser asking for help.

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