Two of the 22 suspects indicted for an $11.1 million Paycheck Protection Program loan fraud scheme were convicted, according to the U.S. Department of Justice.
Officials announced Friday that Teldrin Foster and Carla Jackson were convicted by a federal jury in Atlanta on Thursday. The two, from Decatur and Tucker respectively, faced charges of a variety of types of financial fraud and money laundering.
As previously reported by Channel 2 Action News , they were first charged in 2021 among nearly two dozen people involved in the PPP fraud scheme, USDOJ said. During the investigation, federal officials seized almost $4 million in PPP loan proceeds, four luxury vehicles, and several jewelry items.
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Foster was convicted of bank fraud, wire fraud, conspiracy to commit bank fraud and wire fraud, making false statements to a federally insured financial institution and money laundering in connection to 14 loan applications.
Separately, Jackson was convicted of two counts of money laundering in connection with laundering the proceeds of a PPP loan.