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Businessman pleads guilty to paycheck protection program fraud - Vimarsana News

Businessman pleads guilty to paycheck protection program fraud

Norfolk, VA - A Virginia Beach man pleaded guilty today to bank fraud by submitting a fraudulent application for a Paycheck Protection Program (PPP) loan, and then using the loan proceeds for his own personal benefit including making large cash withdrawals and travel to Las Vegas. Kelly R. Jackson, Special Agent in Charge of the Washington, D.C. Field Office, IRS-Criminal Investigation (IRS-CI) made the announcement. According to court documents, Scott Suber submitted to Celtic Bank a fraudulent application for a loan under the PPP, a program instituted by Congress in an effort to help busine...

Source: irs.gov
Virginia man took Vegas trip with $350K PPP loan, officials say - Vimarsana News

Virginia man took Vegas trip with $350K PPP loan, officials say

Virginia man took Vegas trip with $350K PPP loan, officials say Associated Press Tags:  $100 bills (File photo - Pexels) NORFOLK, Va. – A Virginia man who authorities say used a fraudulently obtained $350,000 Paycheck Protection Program loan for personal expenses has pleaded guilty to bank fraud. The U.S. Attorney’s Office for the Eastern District of Virginia said in a statement Scott Suber entered the plea in federal court Wednesday. Court documents say Suber’s application for the loan fabricated the number of employees at his Virginia Beach-based business. The statement says he al...

Source: wsls.com