Elk Grove Man Indicted in COVID-Relief Loan Fraud Scheme
The suspect operates and Elk Grove-based business
On Thursday a federal grand jury has returned a sealed indictment, now unsealed, charging 52-year-old Oleg Gregorvich Fursov of Elk Grove with wire fraud for allegedly misusing more than $1 million in COVID-19 relief funds. The funds were obtained through the Economic Injury Disaster Loan (EIDL) program—part of the U.S. government’s pandemic relief efforts—but were purportedly diverted for personal gain rather than business recovery.
According to court filings, Fursov applied for the EIDL loan under the guise of aiding his business in recovering from pandemic losses. Instead, prosecutors allege, he used the funds for personal expenditures.
Fursov’s case is one among many targeted by the California COVID‑19 Fraud Enforcement Strike Force, an interagency task force under the U.S. Department of Justice that prosecutes large‑scale pandemic relief fraud schemes across the state
If convicted, Fursov faces a maximum sentence of 20 years in prison and a $250,000 fine. Actual sentencing will depend on the court’s discretion, informed by statutory factors and the Federal Sentencing Guidelines.
Business Ties: ‘Fresh Air’ HVAC Contractor
Public business records show that Oleg Fursov is listed as the owner of Fresh Air, an Elk Grove‑based HVAC contractor located at 10123 Iron Rock Way, Elk Grove, CA 95624. The company claims over 20 years of service in heating, cooling, and air-conditioning installations and repairs across Elk Grove, Sacramento, and Roseville
