KANSAS CITY – A Kansas City, Mo., woman was sentenced in federal court last week for her leadership role in two cases that resulted in more than $900,000 in fraudulent Paycheck Protection Program (PPP) loans being issued under the Coronavirus Aid, Relief, and Economic Security (CARES) Act, according to the United State’s Attorney.
Renetta Golden-Larimore, 56, was sentenced by U.S. District Judge Brian C. Wimes to 51 months imprisonment based upon her guilty pleas to conspiracy to commit wire fraud, contained in two separate federal indictments.
The CARES Act established several new temporary programs and provided for the expansion of others to address the COVID-19 pandemic. Among these programs, the Paycheck Protection Program (PPP) authorized forgivable loans to small businesses to retain workers and maintain payroll, make mortgage interest payments, lease payments, and utility payments…