SENTENCED TO OVER 7 YEARS FOR STEALING $15 MILLION
A Georgia attorney and a former Atlanta police officer were sentenced in early June to 7 years and 3 months in prison for the roles in defrauding the Paycheck Protection Program (PPP) for some $15 million.
Apparently SR (62) submitted fraudulent loan applications on behalf of companies she and a friend (CN) owned; inflating the number of employees and monthly payroll for each of the businesses. They then took the funds, deposited them into SR’s personal bank accounts and purchased luxury items, like a 10-carot diamond ring.
In December of 2023, a federal jury convicted SR “on one count of conspiracy to commit wire fraud, three counts of wire fraud, and one count of money laundering.” While her friend, CN pleaded guilty in November of 2023, and is scheduled to be sentenced on August 14, 2024.
Think they PPP in their pants?
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