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Covid-19: Capital District Woman Admits To Pandemic Relief Fraud
A woman from the Capital District is facing years in prison after admitting that she took advantage of loan programs meant to help businesses struggling due to the COVID-19 pandemic.
Debra Hackstadt, age 67, of Albany, pleaded guilty Thursday, May 19, to fraudulently obtaining 32 government-backed loans, according to the US Attorney’s Office.
The loans were issued to Hackstadt herself, various friends and relatives, and several companies that she controlled, prosecutors said.
In all, investigators said she received more than $1.6 million between April 2020 and June 2021 through two separat…
Gas Prices Hit New Record High In New York Amid Surge In Oil Costs
There is no relief in sight for motorists in New York as prices at the pump continue to rise to new record highs, according to AAA.
As of Monday, May 16, AAA was reporting that the average price per gallon has risen to $4.76 in New York, setting another new record after peaking at $4.52 a week prior, the previous high.
Diesel gas is also on the rise, up to $6.50 as of Sunday, May 15, also a new record in New York.
According to AAA, there is not expected to be any relief for drivers with Memorial Day and the busy summer driving season fast approaching.
“The high cost of oil, the key ingre…
Gas Prices In New York Reach Record High, AAA Says
Gas prices in New York have reached a new record high as the country deals with rising oil prices and nationwide inflation amid tensions overseas.
On Monday, May 9, AAA was reporting that the average price per regular gallon of gas in New York has hit $4.52, the highest recorded average price in history.
Likewise, truck drivers are also seeking relief at the pump, as the price of diesel fuel price also set a record on May 9 when it hit $6.38 per gallon.
In New York, the price per gallon is up 17 cents from a week ago, 28 cents from a month ago, and $1.51 from May 9, 2021.
Gas prices…
