Woman Goes On Shopping Spree After Getting $150,000 COVID-19 Loan

A North Carolina woman is facing fraud charges for going on a decadent shopping spree after getting a $150,000 COVID-19 relief loan.

Prosecutors say 24-year-old Jasmine Johnnae Clifton obtained the loan for her online clothing retail business - but spent the money on shopping trips to stores like Nordstrom, Neiman Marcus and Louis Vuitton.

Now she's facing up to 30 years in prison and fines of up to $1,000,000.

The Office of Small Business Administration believes that billions of dollars in loans were given to fraudulent businesses last year under the CARES Act.

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