(Radio Iowa) – A Virginia man has pleaded guilty to laundering thousands of dollars in federal Paycheck Protection Program money he received through a former Iowa man. Thirty-one-year-old Benjamin Sakyi pled guilty in federal court in Sioux City to one count of conspiracy to launder money. Evidence at his plea hearing showed that Sakyi fraudulently received more than 900-thousand dollars in the names of two Virginia corporations from former Armstrong Iowa resident Donald Trosin.

Trosin had filed more than 20 fraudulent federal loan applications claiming he had 120 employees with more than five million dollars in payroll expenses. Trosin is serving 40 months in prison for his role in the money laundering and Sakyi is waiting for a sentencing date.