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Paycheck Protection Program

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Founder Of LGBTQ+ Non-Profit In DC Charged For Fraud After 'Unexpected Return' To US: Feds Founder Of LGBTQ+ Non-Profit In DC Charged For Fraud After 'Unexpected Return' To US: Feds
Founder Of LGBTQ+ Non-Profit In DC Charged For Fraud After 'Unexpected Return' To US: Feds The trailblazing founder of Casa Ruby, a DC-based non-profit that provided services to the LGBTQ+ community is facing charges for alleged fraud and money laundering, according to prosecutors. Ruby Corado, 53, made her initial court appearance in DC on Wednesday to face charges for allegedly defrauding Paycheck Protection and the Economic Injury Disaster Loan programs, and money laundering after fleeing the country, authorities announced. Specifically, Corado is accused of diverting at least $150,000 of $1.3 million in taxpayer-backed emergency relief funds, intended for the organi…

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by Zak Failla
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$6.8M COVID-19 Scam: Ex-Hedge Fund Manager Gets 4+ Years, No Parole $6.8M COVID-19 Scam: Ex-Hedge Fund Manager Gets 4+ Years, No Parole
$6.8M Covid-19 Scam: Ex-Hedge Fund Manager Gets 4+ Years, No Parole A dual New York/Florida resident was sentenced in New Jersey to a plea-bargained 51 months in federal prison for fraudulently collecting more than $6.8 million in COVID-19 payroll protection loans -- $3 million of which he lost in the stock market. Gregory J. Blotnick, 35, will have to serve just about all of the sentence because there's no parole in the federal prison system. In addition to the prison term, U.S. District Judge Brian R. Martinotti sentenced Blotnick in Newark to two years of supervised release and ordered him to pay restitution of $4,577,631. Blotnick told the judge last f…

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by Jerry DeMarco
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Feds: Twins From Maryland Used Bogus $1M Loans To Trade Crypto, Buy Sports Car Feds: Twins From Maryland Used Bogus $1M Loans To Trade Crypto, Buy Sports Car
Feds: Twins From Maryland Used Bogus $1M Loans To Trade Crypto, Buy Sports Car A pair of twin brothers from Maryland are facing federal charges for fraudulently obtaining $1 million in COVID-19 loans, authorities announced. Jerry and Jaleel Phillips, 24, of Temple Hills, submit bogus Paycheck Protection Program loan applications (PPP), Economic Injury Disaster loan applications (EIDL), and unemployment insurance claims to get the money, United States Attorney for the District of Maryland Erek L. Barron said. The Phillips brothers created aliases, used the personal identifying information of real people, and used out of business or fake corporate entities to apply…

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by Cecilia Levine