Wednesday, October 13, 2021

Florida Man Pleads Guilty to Federal Charges for Fraudulently Obtaining and Laundering More than $4 Million in Paycheck Protection Program Loans

A Florida man pleaded guilty today in the District of New Jersey to fraudulently obtaining more than $4.6 million in Paycheck Protection Program (PPP) loans guaranteed by the Small Business Administration under the Coronavirus Aid, Relief and Economic Security Act, and subsequently laundering the loan proceeds through a series of illicit financial transactions.

from Justice News https://ift.tt/2YGyTSG
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