The Brief
- Feliciano Pineda pleaded guilty to conspiring to defraud his former employer through fraudulent PPP loans.
- Prosecutors said he processed loans for businesses that either did not exist or falsely inflated their financial information.
- Pineda was ordered to pay approximately $2.2 million in restitution and will serve three years of supervised release after prison.
HOUSTON – A Houston man who helped customers obtain fraudulent Paycheck Protection Program loans during the COVID-19 pandemic has been sentenced to more than four years in federal prison.
What we know:
Feliciano Pineda, 38, pleaded guilty Feb. 12 to conspiring to defraud his former employer through fraudulent PPP loans.…