Eleven men have been sentenced after a scheme to obtain $3 million in Paycheck Protection Program loans; Atlanta man Rodericque Thompson recruited nine business owners to obtain $300,000 loans with fraudulent applications according to the U.S. Attorney’s Office for the Northern District of Georgia.
“The CARES Act and the PPP designated funds to aid struggling businesses during a pandemic,” said U.S. Attorney Ryan Buchanan said in a press release. “American businesses needed these funds to keep their companies and employees afloat during a national emergency and world-wide pandemic. These defendants took advantage of that program to obtain money to which they were not lawfully entitled. We will continue investigating and prosecuting those who attempt to steal these critical funds.”Read More