Tag: Paycheck Protection Program
Ashburn Con Man Steals $851K in COVID-Relief Funds
⏱ 2 min read Ashburn con artist Ravindar Reddy Palla, 59, swiped $851,900 from COVID-19 relief programs, using the cash to trade securities in his own name. According to court documents, Palla’s scheme involved IT Objects, LLC, which he controlled despite listing his wife as the nominal owner. He lied to the Small Business Administration…
Peoria Man Gets Probation for PPP Scam: $30K in Fraud
In recent news, a man from Peoria, Illinois, has been sentenced to probation for involvement in Paycheck Protection Program fraud. Learn more here.
PPP Heist: 7 Sentenced in $9M Fraud
Seven people have been sentenced to prison for their involvement in a COVID-19 Paycheck Protection Program fraud scheme, resulting in approximately $9 million in fraudulently obtained loans. They will also pay restitution amounts ranging from $381,600 to $9,007,887.
