News| News


WENHAM — A Wenham man who reached a plea agreement with federal prosecutors last month in a $1.2 million pandemic relief fraud case has pleaded guilty to one count of bank fraud.

James Joseph Cohen, 59, was allowed to appear for his court proceeding Thursday in U.S. District Court in Boston via Zoom due to what court papers described as a “debilitating medical condition.”

He is due to be sentenced Oct. 28.

According to a plea agreement, Cohen was sentenced last month to one year probation and the condition that he restitution the $1.197 Million in funds that he got from two local banks as well as the Small Business Administration.

The North Shore Bank of Peabody and The Newburyport Bank accepted Payroll Protection Program loan requests. These loans were approved based upon fraudulent payroll records and financial records provided by Cohen. SBA provided Economic Injury Disaster Funds.

Cohen has a fraud conviction dating back to 2005.

Courts reporter Julie Manganis can be reached at 978-338-2521, by email at jmanganis@salemnews.com or on Twitter at @SNJulieManganis

Courts reporter Julie Manganis can be reached at 978-338-2521, by email at jmanganis@salemnews.com or on Twitter at @SNJulieManganis

Leave a Reply

Your email address will not be published.