A federal grand jury has indicted Oleg Gregorvich Fursov, 52, of Elk Grove, on charges of wire fraud related to COVID-19 relief funds. The indictment was unsealed Thursday, according to U.S. Attorney Eric Grant.
Court documents allege that Fursov obtained over $1 million through the Economic Injury Disaster Loan Program by claiming the money would help his business recover from the pandemic. Prosecutors state that he instead used the funds for personal expenses.
The Federal Bureau of Investigation conducted the investigation. Assistant U.S. Attorney Jessica Delaney is prosecuting the case.
If found guilty, Fursov could face up to 20 years in prison and a $250,000 fine. Sentencing would be determined by the court based on statutory factors and federal guidelines. The indictment is an allegation, and Fursov is presumed innocent unless proven guilty.
The case is part of a broader effort under the California COVID-19 Fraud Enforcement Strike Force operation. This initiative brings together law enforcement and prosecutors in California’s Eastern and Central Districts to address large-scale pandemic relief fraud involving criminal organizations and transnational actors. The strike force uses teams led by prosecutors and supported by data analysts to identify those who misused pandemic relief programs and pursue legal action against them.
