California: Eric Bullard Charged with laundering money

California: Eric Bullard Charged with laundering money

California Man, Eric Bullard Charged with Conspiring to Launder Proceeds of Fraud Schemes Targeting New Jersey Law Firm and SBA Loans

NEWARK, N.J (STL.News) A California man has been charged with laundering money that originated from fraudulently obtained loans from the U.S. Small Business Association and from a business email compromise scheme that targeted a law firm based in New Jersey, Acting U.S. Attorney Rachael A. Honig announced.

Eric Bullard, 59, of Los Angeles, California, is charged by complaint with one count of money laundering conspiracy.  Bullard was taken into custody yesterday in California on an unrelated warrant for a violation of federal supervised release.  Bullard is scheduled to appear by videoconference before U.S. Magistrate Judge Alexander MacKinnon at 1:00 p.m. PDT.

According to documents filed in this case and statements made in court:

In June 2020, Victim 1 communicated via email with a law firm in New Jersey that was helping Victim 1, a resident of Bergen County, New Jersey, with a real estate transaction.  One of the law firm’s email accounts was compromised and someone purporting to be emailing on behalf of the law firm sent instructions to Victim 1 to wire approximately $560,000 into an escrow account under the name “Eric’s Commercial LLC.” Victim 1 wired approximately $560,000 into a business bank account controlled by Bullard. 

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