Prison for man in fraud case involving $6M in COVID loans


CONCORD, N.H. (AP) – A New Hampshire man has been sentenced to over two years in prison for attempting to fraudulently obtain over $6 million in federal CARES Act funds for seven businesses, including one allegedly dedicated to helping with pandemic-related aid.

The man, who pleaded guilty in September to bank fraud and wire fraud, applied for 35 Paycheck Protection Program and Economic Injury Disaster Loan funds. He received nearly $874,000 of the total he applied for, the U.S. Attorney’s office said Monday.

The man was sentenced in federal court to 28 months in prison; a co-defendant was sentenced to 41 months in prison.

Both were accused of inflating the companies’ revenues and the number of employees on the applications. The man also was accused of submitting false tax filings.


Leave a Reply

Your email address will not be published. Required fields are marked *

Interested in advertising with us?

We’d love to have you on the team! Drop us a line and we’ll be happy to follow up. 

Categories

Let's Connect

Follow along on your favorite social media platform and get the latest updates directly in your feed!

Got a tip on a story?
Search

Submit a Tip

Have a tip on a story? Send it directly to our team using the form below!