Ruby Corado, 53, was taken into custody on March 5 and subsequently charged with bank fraud, wire fraud, laundering of monetary instruments, monetary transactions in criminally derived proceeds, and failure to file a report of foreign bank account.
According to the Department of Justice, Corado received over $1.3 million from the Paycheck Protection Program and Economic Injury Disaster Loan program under the assumption that the money would be used to pay for employees' salaries and other business-related expenses at Casa Ruby, which provided housing and support for members of the LGBTQ+ community.
Instead, it has been alleged that Corado diverted more than $150,000 to private bank accounts in El Salvador, accounts which Corado then hid from the Internal Revenue Service.
