Reports

A Jefferson City, Mo. man has pleaded guilty in federal court to a $12.4 million bank fraud scheme that included fraudulent Paycheck Protection Program (PPP) loans for four businesses.

SALT LAKE CITY, Utah – Three Tooele County residents accused of running a Paycheck Protection Program (PPP) loan fraud ring will appear before a U.S. Magistrate Judge today following a federal indictment. The indictment, returned by a grand jury on Feb. 28, 2024, includes charges of wire fraud and aiding and abetting during the COVID-19 pandemic.

Teldrin Foster and Carla Jackson were found guilty by a jury for their roles in schemes to steal Paycheck Protection Program (“PPP”) funds during the COVID-19 pandemic.

SAN JUAN, Puerto Rico – W. Stephen Muldrow, U.S. Attorney for the District of Puerto Rico, announced the indictment of 19 individuals for their participation in a scheme to illegally obtain federal recovery funds under the Coronavirus Aid, Relief, and Economic Security (CARES) Act. The Grand Jury charged the defendants with multiple counts of wire fraud and money laundering.

A federal jury in the Northern District of Georgia convicted a Georgia attorney and former City of Atlanta police officer yesterday of fraudulently obtaining over $7 million in loans under the Paycheck Protection Program (PPP).

BOSTON – A Brockton man pleaded guilty today in federal court in Boston in connection with a scheme to submit false applications to obtain Paycheck Protection Program (PPP) and Economic Injury Disaster Loan Program (EIDL) funds through the Small Business Administration (SBA) that were made available under the Coronavirus Aid, Relief, and Economic Security (CARES) Act.

A downtown Los Angeles man was sentenced today to 63 months in federal prison for fraudulently obtaining more than $150,000 – and attempted to obtain an additional $1.85 million – in COVID-relief loans for several companies he claimed to own and operate, and for illegally possessing firearms – including three AR-style rifles – and thousands of rounds of ammunition.

A Tennessee man pleaded guilty yesterday in connection with a scheme to defraud the Economic Injury Disaster Loan (EIDL) program, a federal stimulus program authorized to provide loans to small businesses experiencing substantial financial disruptions due to the COVID-19 pandemic as part of the Coronavirus Aid, Relief, and Economic Security (CARES) Act.