Pa. couple accused of using fraudulently obtained paycheck protection loan to buy bitcoins
Updated Apr 15, 2021;
WILLIAMSPORT – A Bloomsburg couple has been accused of fraudulently using Paycheck Protection Program (PPP) funds to illegally obtain loans that were used to purchase more than $350,000 in bitcoins.
Darryl Corradini, 63, and Vicki Hackbenberg, 57, are to be arraigned Friday on charges contained in an indictment unsealed in U.S. Middle District Court.
Part of the Coronavirus Aid, Relief and Economic Security Act (CARES), the Paycheck Protection Program authorizes forgivable loans to small businesses facing financial difficulties during the pandemic.
Corradini and Hackenberg are accused of creating a shell corporation, CGM Realty LLC, in December 2019 to apply for PPP loans.