WebThe press release from yesterday, June 2, 2024, however, shows that Judge Ludwig sentenced Mr. Smith to 57 months in prison “for fraudulently obtaining over $1 million in … Web21. júl 2024 · Depending on the circumstances, the federal government might charge people accused of defrauding the PPP under the following provisions: 15 U.S.C. § 645:Making a false statement to the SBA. This can result in a fine of up to $5,000 and up to 2 years in prison. 18 U.S.C. § 371: Conspiracy to Defraud the United States.
A Texas man was sentenced to nine years in prison for using PPP …
Web10. sep 2024 · A Fort Myers, Florida, contractor has been arrested and charged with attempting to defraud the Paycheck Protection Program (PPP) meant to help keep workers employed during the coronavirus. Casey … Web12. jan 2024 · If someone is found guilty of bank fraud, they can be fined up to $1 million or imprisoned for up to 30 years, or both. Documents for PPP loans are generally submitted to financial institutions, i.e. banks. If a person submits documents that contain any false information as part of their PPP loan application, they could be charged with bank fraud. shasta canvas
PPP loans: Most companies face little risk of punishment ... - CNBC
Web24. máj 2024 · Fahad Shah, 44, of Murphy, Texas, got $1.5 million in PPP loans after claiming his company, WBF Weddings by Farah, employed 126 people with an average monthly payroll of $700,000. It was a... Web27. jan 2024 · At least 36 people used the address of this Salvation Army center in Humboldt Park to obtain federal Paycheck Protection Program loans, claiming individual annual income of at least $100,000. The Salvation Army says it didn’t apply for any loans and was unaware its address was being used on PPP applications. The Watchdogs News Politics Web19. máj 2024 · May 19, 2024 — Darrell Thomas has been sentenced after pleading guilty to conspiracy to commit bank fraud and wire fraud and to money laundering for masterminding a scheme to obtain 14 fraudulent loans totaling approximately $11.1 million from the Paycheck Protection Program (“PPP”). To date, a total of twenty-three individuals have … shasta county assessor property search