Seventeen more individuals have been charged in connection with a fraudulent scheme to obtain approximately $11.1 million in Paycheck Protection Program (PPP) loans and to use those funds to purchase luxury vehicles, jewelry, and other personal items. According to court documents and statements made in court, between May and August 2020, the defendants submitted or […]
A Kansas man was sentenced in federal court for engaging in two separate fraud schemes related to millions of dollars in false payday loan debt and for tax evasion totaling more than $8 million. “After raking in millions of dollars from the victims of his fraud scheme, the defendant lied repeatedly and used every trick […]
A couple was sentenced to prison for their participation in a scheme to file four fraudulent loan applications seeking more than $1.1 million in forgivable Paycheck Protection Program (PPP), and Economic Injury Disaster Loans (EIDL) loans guaranteed by the Small Business Administration (SBA) under the Coronavirus Aid, Relief, and Economic Security Act. Latoya Stanley, 38, […]
A Florida man pleaded guilty for fraudulently obtaining approximately $3.9 million in Paycheck Protection Program loans and using those funds, in part, to purchase a $318,000 Lamborghini sports car for himself. Federal investigators linked the sports car to Hines after he was involved in a hit and run on July 11, the Miami Herald reported. […]
A Nevada man was charged in an indictment Wednesday for his alleged participation in a scheme to defraud multiple financial institutions by filing bank loan applications that fraudulently sought more than $1.9 million dollars in forgivable loans guaranteed by the Small Business Administration under the Coronavirus Aid, Relief, and Economic Security (CARES) Act. Nicholas L. […]
A Washington man pleaded guilty today to perpetrating a scheme to fraudulently obtain COVID-19 relief guaranteed by the Small Business Administration (SBA) through the Economic Injury Disaster Loan and the Paycheck Protection Program (PPP) under the Coronavirus Aid, Relief and Economic Security (CARES) Act. Nicholas L. McQuaid, Acting Assistant Attorney General of the Justice Department’s […]
A project manager employed by a major retailer was sentenced to 24 months in prison followed by five years of supervised release for fraudulently seeking more than $8 million in forgivable loans guaranteed by the Small Business Administration under the Coronavirus Aid, Relief, and Economic Security (CARES) Act announced Acting Assistant Attorney General Brian C. […]
This week, the state of Missouri joins many others across the nation in recognizing National Small Business Week. Small businesses have a major impact on Missouri’s economy, as more than 45 percent of employed Missourians receive a paycheck from working at a small business. In 2019, Missouri’s small businesses created 13,855 net new jobs. More […]
Seven individuals across two states were charged in an indictment unsealed for their alleged participation in a scheme to obtain approximately $16 million in forgivable Paycheck Protection Program (PPP) loans guaranteed by the Small Business Administration under the Coronavirus Aid, Relief, and Economic Security (CARES) Act. Amir Aqeel, 52, and Pardeep Basra, 51, both of […]
(Missouri Independent) – Cortaiga Collins doesn’t know how much longer her childcare center will survive. Only about a dozen children have been attending regularly amid the pandemic. Under normal circumstances, she used to serve as many as 100. She’s already had to reduce the hours that Good Shepherd Preschool and Infant/Toddler Center in St. Louis […]
A former Missouri business owner was sentenced in federal court for a series of fraud schemes totaling more than $30 million. “This white-collar thief maintained his lavish lifestyle by stealing millions of dollars from his clients, partners, and lenders to build expensive homes, buy luxurious cars, and take numerous vacations,” said U.S. Attorney Tim Garrison. […]
Low-interest disaster loans are available through the Small Business Administration for eligible persons and small businesses in five northwest Missouri counties impacted by flooding a month ago. The SBA reports loans are available to homeowners, renters, and small businesses in Andrew, Buchanan, Clinton, DeKalb, and Platte Counties. This includes those who were impacted by the […]
Operational changes intended to help the financially troubled U.S. Postal Service save money aren’t going over well with some small-business owners in Missouri and other states. Recent modifications, including the end of overtime for workers, have led to numerous reports of delays, both in personal and commercial mail and package delivery. John McHugh, chairman of […]
A congressman who represents northern Missouri says the federal CARES Act has helped rural hospitals in his district. Tarkio Congressman Sam Graves voted for the bipartisan legislation this spring, which included 75-billion dollars for personal protective equipment for health care employees. Graves who represents 36 counties across northern Missouri, says there is a […]
The Small Business Administration on Tuesday opened up Economic Injury Disaster Loan applications on a limited basis specifically to agricultural businesses. The application is available at www.SBA.gov/Disaster. At this time, only agricultural business applications will be accepted due to limitations in funding availability and the unprecedented number of applications already received. Agricultural businesses include those […]
Governor Mike Parson has requested that President Donald J. Trump approved a major disaster declaration for the entire state of Missouri to provide federal assistance for state and local COVID-19 pandemic preparedness and emergency response efforts. In the request filed Tuesday, Governor Parson said the pandemic is of such severity and magnitude that an effective […]
Director Tanya N. Garfield of the U.S. Small Business Administration’s Disaster Field Operations Center-West announced today that SBA has approved more than $15 million in federal disaster loans for Missouri businesses and residents impacted by severe storms, tornadoes, and flooding that occurred April 29 – July 5, 2019. According to Garfield, SBA has approved $2,339,700 […]
The deadline for registering with FEMA for disaster assistance has passed, but that does not mean FEMA is leaving. The agency continues working with the Missouri State Emergency Management Agency on the recovery process for this year’s spring and summer severe storms and flooding. Recovery officials encourage Missouri residents who registered for disaster assistance […]
More than $60 million in federal grants, loans, and insurance payments have now gone to Missourians to assist in the recovery from this spring and summer’s flooding and tornadoes. The funds include grants to households from the Federal Emergency Management Agency, payments from the National Flood Insurance Program on insurance claims and low-interest disaster recovery […]
Homeowners, renters and business owners who sustained losses or damage in the April 29-July 5 storms and flooding still have one week left to apply for disaster assistance. September 9 is the deadline to register for disaster assistance from FEMA and the U.S. Small Business Administration. After registering with FEMA, most residents are automatically referred […]
