00:00It's Benzinga bringing Wall Street to Main Street.
00:02Representative Shelia, hold on, three, two, one.
00:08Representative Shelia Sherphilis McCormick was charged with stealing $5 million in COVID-19
00:13disaster funds and routing part of the money into her 2021 congressional campaign, according to the
00:18DOJ. Prosecutors said the Democratic lawmaker from Florida and her brother laundered the
00:23overpayment from FEMA through multiple accounts and used a straw donor scheme to disguise campaign
00:28contributions. Siblings received the money after their family health care company was overpaid
00:33$5 million by FEMA for its COVID vaccination staffing contract. Congresswoman and her tax
00:38preparer are accused of conspiring to file a false return by claiming personnel and political
00:43costs as business deductibles and inflating charitable contributions. This is a maximum
00:48sentence of 53 years of convicted. For all things money, visit Benzinga.com.
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