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San Jose, California - A California man was arrested Friday on criminal charges related to his alleged scheming to submit fraudulent loan applications seeking millions of dollars in Paycheck Protection Program (PPP) and Economic Injury Disaster Loan (EIDL) COVID-19 relief funds.
According to an indictment returned last week by a federal grand jury in San Francisco and unsealed today, Lebnitz Tran, 40, of San Jose, submitted at least 27 PPP loan applications and at least seven EIDL loan applications on behalf of multiple persons and business entities, using false and fictitious information and documents, including falsified employee information, fictitious or grossly exaggerated payroll figures, and fake tax documents. The indictment alleges that Tran sought in excess of $8 million in PPP and EIDL funds, obtained over $3.6 million in illicit loan proceeds, and ultimately netted approximately $2 million from the scheme. The indictment fu
KNBN NewsCenter1
July 13, 2021
RAPID CITY, S.D. Throughout the pandemic, paycheck protection program funds were distributed to businesses, allowing them to pay employees, but those funds have dried up, and some small businesses are still in need of resources for the upcoming year.
Although PPP funds will no longer be distributed, there are a number of programs, loans and grants businesses can use to stay afloat if necessary. Through the SBA, there is the Economic Injury Disaster Loan and Shuttered Venue Operators Grant for music venues and museums. With record growth in major industries across the state, many South Dakota businesses are now moving past survival, and trying to grow and fully staff their businesses.
As a business reporter, I write about small businesses opening and closing, manufacturing, food and drink, labor issues and economic data. I particularly love writing about the impact of state and federal policy on local businesses. I also do some education reporting, covering colleges in southeastern Connecticut and regional K-12 issues.
Erica Moser
As a business reporter, I write about small businesses opening and closing, manufacturing, food and drink, labor issues and economic data. I particularly love writing about the impact of state and federal policy on local businesses. I also do some education reporting, covering colleges in southeastern Connecticut and regional K-12 issues.
SALT LAKE CITY As pandemic relief for small businesses slows and programs like the Paycheck Protection Program and the Restaurant Revitalization Fund come to an end, the Utah Small Business Administration wants to remind business owners that the programs that are still available.
The PPP, an SBA-backed loan program established by the federal CARES Act that helped businesses keep their workforce employed during the COVID-19 crisis, expired at the end of May. The RRF, a program that gave economic aid to restaurants struggling to pay rent or pay employees because of the pandemic, ended July 2, and the application platform will officially be disabled on July 14.
Stimulus Fraud Nets California Man $3.6M As Others Await Fourth Payments By Danielle Ong
on July 12 2021 10:53 AM Economic stimulus checks are prepared for printing at the Philadelphia Financial Center May 8, 2008 in Philadelphia, Pennsylvania. One hundred and thirty million households are eligible to receive a tax rebate check under the $168 billion economic stimulus plan.
Authorities for the Department of Justice arrested a California man in connection with a fraud that netted him $3.6 million in COVID-19 relief funds as many await another round of stimulus checks.
Lebnitz Tran, 40, of San Jose, was arrested on Thursday after allegedly submitting 27 fraudulent loan applications for the government’s Paycheck Protection Program (PPP) and at least seven for the Economic Injury Disaster Loan (EIDL).