SPRINGFIELD, Mo. — A local business owner had been indicted in federal court for allegedly obtaining $316,062 through fraudulent Paycheck Protection Program (PPP) loans in 2021 and laundering more than $35,000.
According to the United States Department of Justice, 47-year-old Jason L. Hemingway was charged with two counts of bank fraud, three counts of money laundering and two counts of making a false statement on a loan application.
The indictment states that Hemingway applied for a PPP loan for his business, Principal Transfer Group, LLC, on Feb. 9, 2021, and April 8, 2021, receiving two PPP loans of $158,031 each time…