jklcpa Posted March 1, 2022 Report Share Posted March 1, 2022 This was in one of our local online papers I follow: Quote A Newark woman pleaded guilty on charges she falsely obtained about $246,000 in Paycheck Protection and CARES Act loans. The US Attorney's Office for the District of Delaware said Ana Soto submitted 17 fraudulent loan applications for CARES Act funds on behalf of five entities she owned or was closely associated. According to the office, the applications falsely stated the amount of revenue, costs, and employees. In some cases, the businesses weren't in operation at the start of the pandemic. Soto allegedly was denied an additional $500,000 in CARES Act funds. Soto pleaded guilty to one count each of wire fraud and money laundering, and faces a maximum of 20 years in prison. A sentencing date has not been set. At least one business was not local, but was a bar in FL that had been closed down since 2018, and there were obviously many other falsifications. If you'd like to read the details, here is a pdf of the indictment: Indictment_-_A_Soto_-_21-cr-049_-_2021.07.06.pdf 5 Quote Link to comment Share on other sites More sharing options...
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