OKLAHOMA CITY (KOKH) — Federal prosecutors in Oklahoma say two people have been sentenced after a nationwide crackdown on alleged fraud tied to the Small Business Administration’s Paycheck Protection Program.
“Pandemic loan relief was meant to keep American small businesses alive during government lockdowns—not line the pockets of fraudsters. The defendants charged during our summer surge allegedly fabricated businesses, submitted false payroll and revenue claims, stole identities, and concealed foreign ties on their applications— but they will now be prosecuted to the fullest extent of the law,” said Attorney General Todd Blanche.
From June 12 to Sept. 1, federal prosecutors targeted 160 suspects accused of defrauding the country, reaching approximately $245 million in intended loss to American taxpayers…