3 from Michigan charged in fraud scheme in COVID business loan program
3 from Michigan charged in fraud scheme in COVID business loan program The Detroit News View Comments Three Michigan residents were among 17 people charged in an $11 million fraud scheme involving Paycheck Protection Program loans. Between May and August 2020, the 17 defendants allegedly submitted or helped in the submission of PPP loan applications seeking $800,000 each for 14 businesses, said the U.S. Department of Justice. To receive the money, the defendants allegedly submitted fraudulent IRS Form 941s, which are used by businesses to report payroll taxes. After the loans were received by...