WILMINGTON — G. Irvin Aldridge, 88 of Wilmington, retired lawyer passed away on the 7th day of December 2022 at Lower Cape Fear LifeCare. He was born March 10…
Three from Northwest Arkansas plead guilty to making false statements to obtain coronavirus relief funds newtoncountytimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from newtoncountytimes.com Daily Mail and Mail on Sunday newspapers.
FAYETTEVILLE, Ark. – David Clay Fowlkes, first assistant United States attorney for the Western District of Arkansas, announced that Melvin Stout, age 40, of Fayetteville pleaded guilty Wednesday to making a false statement on a loan application to obtain money through the Small Business Administration’s Paycheck Protection Program (PPP). Earlier this month, Stout’s wife, Tiffany Acuff, age 36, of Fayetteville, and sister, Valarie Watson, age 43, of Fayetteville, also pleaded to charges in connection with obtaining loans through the PPP, which is intended for businesses struggling through the coronavirus pandemic.The program, which provides low-interest, forgivable loans for businesses who use the funds for essential business expenses, such as payroll, is part of the Coronavirus Aid, Relief, and Economic Security (CARES) Act, passed in March 2020.
Northwest Arkansas trio lied about owning businesses to get COVID-19 relief funds, prosecutors say
Melvin Stout of Fayetteville submitted a PPP loan application that falsely stated his ownership of a small business. His wife and sister-in-law face similar charges. Author: 5NEWS Web Staff Updated: 9:01 PM CST December 16, 2020
FAYETTEVILLE, Ark. A Fayetteville man pled guilty Wednesday to making false statements on a loan application to obtain money through the Small Business Administration’s Paycheck Protection Program (PPP) created to help businesses struggling during the COVID-19 pandemic. His wife and sister-in-law face similar charges.
According to prosecutors, Melvin Stout, 40, of Fayetteville submitted a PPP loan application that falsely stated his ownership of a small business, which he alleged was eligible for PPP funds.