• A defense contractor in Hawaii has been charged with bank fraud and money laundering for stealing more than $12.8 million in Paycheck Protection Program (PPP) money. He allegedly transferred more than $2 million into his own personal accounts, a criminal complaint said.

• Martin Kao, CEO of Martin Defense Group LLC, previously known as Navatek LLC, is being arrested on two counts of bank fraud and five counts of money laundering. He is accused of at least two fraudulent PPP loan applications.

• The U.S. Attorney’s Office in Hawaii said in a statement, “According to the charges, Kao falsely inflated the number of employees on the loan application and falsely certified that the applicant and its affiliates would not receive, and had not received, another PPP loan,” the U.S. Attorney’s Office in Hawaii said in a statement.

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