Stephanie Hockridge and her husband created fake payroll records, tax documents and bank statements to allow some applicants to obtain larger loans, the DOJ said
NEED TO KNOW
- A former Arizona news anchor has been sentenced to 10 years in prison for federal wire fraud conspiracy
- Prosecutors said that Stephanie Hockridge, a former employee of Phoenix news station ABC15, was involved in a pandemic-era paycheck protection program (PPP) loan scheme
- Hockridge and her husband created fake payroll records, tax documents and bank statements to allow some applicants to obtain larger loans, the Department of Justice said
A former Arizona news anchor has been sentenced to 10 years in prison for federal wire fraud conspiracy related to a pandemic-era paycheck protection program (PPP) loan scheme.
On Friday, Nov. 21, Stephanie Hockridge, a former employee of Phoenix news station ABC15, was sentenced by a Texas federal judge to 120 months in prison, according to AZ Family and ABC15. She will begin her sentence just days after Christmas.
Hockridge was also ordered to pay nearly $64 million in restitution, along with her co-defendants, and must serve supervised release for two years…