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Economic Injury Disaster Loans

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COVID-19: NY Woman Sentenced For $1.69M Relief Fraud COVID-19: NY Woman Sentenced For $1.69M Relief Fraud
Covid-19: NY Woman Sentenced For $1.69M Relief Fraud A New York woman will spend time in federal prison after admitting that she took advantage of loan programs meant to help businesses struggling due to the COVID-19 pandemic. Debra Hackstadt, age 68, of Albany, was sentenced to 16 months behind bars Tuesday, Nov. 8, in federal court in Albany after pleading guilty to wire fraud in May 2022. Earlier Report: COVID-19: Albany Woman Pleads Guilty To Pandemic Relief Fraud According to the US Attorney’s Office in the Northern District, Hackstadt admitted to fraudulently obtaining 32 government-backed loans worth more than $1.6 million betwee…

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by Michael Mashburn
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COVID-19: Hudson Valley Man Accused Of Stealing Nearly $5M From Pandemic Relief Fund COVID-19: Hudson Valley Man Accused Of Stealing Nearly $5M From Pandemic Relief Fund
Covid-19: Hudson Valley Man Accused Of Stealing Nearly $5M From Pandemic Relief Fund A man from the Hudson Valley allegedly took advantage of the COVID-19 pandemic to live a lavish lifestyle by allegedly illegally obtaining nearly $5 million in loans meant for struggling businesses. Ulster County resident Jean Lavanture, of Saugerties, also known as Rudy Lavanture, was arrested this week on a bank fraud complaint that alleges he obtained millions in government-backed loans that were earmarked for businesses struggling during the pandemic. Lavanture was arrested on Thursday, Sept. 17 at a new 8.54-acre estate that he allegedly purchased with the illegally obtained funds. It…

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by Zak Failla