Senior Baltimore City employee pleads not guilty in alleged $2.5M PPP fraud case

BALTIMORE (WBFF) — Senior Baltimore City employee Kara DiPietro pleaded not guilty Monday on six federal bank fraud charges after prosecutors say bank accounts under her control received more than $2.5 million through allegedly fraudulent loan applications tied to a federal pandemic-relief program.

DiPietro, 49, of Towson, was indicted on six counts of bank fraud in connection with applications for loans through the Paycheck Protection Program (PPP).

According to the U.S. Attorney’s Office for the District of Maryland, DiPietro served as president and CEO of multiple Maryland companies, including H.M.C., Inc., Holdings Management Company Inc. and Kinetic Capital LLC…

Story continues

TRENDING NOW

LATEST LOCAL NEWS