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SAMUEL W. JACKSON engaged in fraud related to the Paycheck Protection Program (PPP) and the Economic Injury Disaster Loan program (EIDL).

A dual American and Nigerian citizen has been sentenced to prison for creating and leading a scheme that bilked more than $4.2 million from federal loan and grant programs that were intended to assist small businesses with economic hardship they suffered as a result of the COVID-19 pandemic.

A federal jury in Portland found Peter Igwacho, 64, a Cameroonian national residing in Anchorage, Alaska, guilty Thursday for wire fraud.

LAS VEGAS — A Nevada man was sentenced today to over 15 years in prison and five years of supervised release for fraudulently obtaining more than $11 million in Paycheck Protection Program (PPP) loans guaranteed by the Small Business Administration (SBA) under the Coronavirus Aid, Relief, and Economic Security (CARES) Act and then laundering the funds through real estate transactions, gambling activity, and luxury purchases. The defendant was also ordered to pay restitution in the amount of $11,793,064.15, forfeiture in the amount of $11,231,186.52, and to forfeit two vehicles and five...

CHRISTOPHER SCOTT used the fraud proceeds to make personal purchases at luxury retailers.

The defendants allegedly fraudulently obtained millions of dollars in loans under the CARES Act.