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NJ COVID Scammer Who Pocketed $1.8M In Taxpayer-Funded Rescue Loans Gets Three Years In Fed Pen NJ COVID Scammer Who Pocketed $1.8M In Taxpayer-Funded Rescue Loans Gets Three Years In Fed Pen
NJ COVID Scammer Who Pocketed $1.8M In Taxpayer-Funded Rescue Loans Gets Three Years In Fed Pen UPDATE: A North Jersey businessman who collected $1.8 million in COVID-19 pandemic loans that he wasn't entitled to, then diverted the money into accounts held by family members -- including his young children -- was sentenced to three years in federal prison on Wednesday. Rocco A. Malanga, 39, formerly of Hackettstown, must serve out the entire plea-bargained sentence approved by a U.S. District Court judge in Newark on March 22 because there’s no parole in the federal prison system. Malanga lied on documents to three different lenders to secure federal Paycheck Protection Program (PPP) mo…

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by Jerry DeMarco