![](https://heysocal.com/wp-content/themes/heymediadev/assets/img/logos/beacon_white.png)
![](https://heysocal.com/wp-content/themes/heymediadev/assets/img/logos/logo-white.png)
A Baldwin Park man who was already on federal probation in an armed bank robbery case pleaded guilty to laundering money from illegally obtained Small Business Association loans and from a law firm that was the victim of email fraud, prosecutors said Wednesday.
Eric Bullard, 59, pleaded guilty Tuesday via videoconference in federal court in Newark, New Jersey, to one count of money laundering conspiracy, according to the U.S. Attorney’s Office for the District of New Jersey.
Bullard admitted scheming to launder the proceeds of fraudulently obtained COVID-19 disaster relief loans that were guaranteed by the SBA.
Federal prosecutors said that in June 2020, a client of a New Jersey law firm emailed the firm about a real estate transaction. But during the correspondence, an unknown suspect hacked the law firm’s email, and duped the unsuspecting client into wiring $560,000 to a business bank account controlled by Bullard.
Several hundred thousand dollars were then transferred from Bullard’s account into bank accounts controlled by others, prosecutors said.
Bullard is currently in federal custody, but at the time of the offense he was on federal supervised release from California stemming from bank robbery charges, according to the U.S. Attorney’s Office.
We are able to provide high-quality political journalism to you for free thanks to our advertisers. So that you can continue to enjoy HEYSOCAL's in-depth reporting, we ask that you please turn off your ad blocker and come on in, free of charge.
Subscribe to our newsletter for this giveaway and many more. Also, stay in the loop for SoCal news and updates.
Your subscription has been confirmed. You've been added to our list and will hear from us soon.
Your request has been confirmed! We will get in touch with you shortly.
This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.
Essential Cookies should be enabled at all times so that we can save your preferences for cookie settings.
If you disable this cookie, we will not be able to save your preferences. This means that every time you visit this website you will need to enable or disable cookies again.
This website uses Google Analytics to collect anonymous information such as the number of visitors to the site, and the most popular pages.
Keeping this cookie enabled helps us to improve our website.
Please enable Essential Cookies first so that we can save your preferences!
You can find more information about our Terms of Service and Privacy Policy