LOS ANGELES (AP) -- A Los Angeles couple who were convicted of helping steal $18 million in COVID-19 relief funds are on the lam after cutting off their ankle monitors.
The FBI announced Tuesday that Richard Ayvazyan and Marietta Terabelian are considered fugitives. They were convicted of fraud and conspiracy in June and were potentially facing decades in prison.
The couple, Ayvazyan's brother and a Glendale man were convicted in June of submitting phony loan applications for federal business relief funds.
Prosecutors said they actually spent the money to buy expensive homes, gold coins, diamonds, jewelry and other luxuries.
The City News Service reported the couple were due to be sentenced in Los Angeles federal court on Oct. 4.
(Corrected) Richard Ayvazyan, 43, & Marietta Terabelian, 37, were found guilty in $21 million bank/SBA fraud & are set to be sentenced. The pair allegedly cut monitoring bracelets & are considered fugitives. Please call 3104776565 if you have info as to their location #TipTuesday pic.twitter.com/pyyGOMiVF4
— FBI Los Angeles (@FBILosAngeles) September 1, 2021