LOS ANGELES, Calif.—Sentencing is scheduled Sept. 13 for four Los Angeles residents found guilty of scheming to submit fraudulent loan applications under which they and their co-defendants obtained more than $18 million in COVID-19 relief funds used to put down-payments on luxury homes in Tarzana, Glendale and Palm Desert and purchase jewelry and other high-end items. Richard Ayvazyan, 42, his wife Marietta Terabelian, 37, and his brother Artur Ayvazyan, 41, all of Encino, were each found guilty June 25 of one count of conspiracy to commit bank fraud and wire fraud, 11 counts of wire fraud, eight counts of bank fraud and one count of conspiracy to commit money laundering. Richard Ayvazyan was also found guilty of two counts of aggravated identity theft, while his brother was found guilty of one count of aggravated identity theft. Vahe Dadyan, 41, of Glendale, was found guilty of six counts of wire fraud, …