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New Hampshire man sentenced to over 2 years in prison for fraud involving 6 million in COVID-19 loans

A New Hampshire man has been sentenced to over two years in prison for attempting to fraudulently obtain over $6 million in federal CARES Act funds for seven businesses, including one allegedly dedicated to helping with pandemic-related aid.

The man, who pleaded guilty in September to bank fraud and wire fraud, applied for 35 Paycheck Protection Program and Economic Injury Disaster Loan funds. He received nearly $874,000 of the total he applied for, the U.S. Attorney’s office said Monday.

The man was sentenced in federal court to 28 months in prison; a co-defendant was sentenced to 41 months in prison.

NEW HAMPSHIRE HOUSE PASSES $15.9B BUDGET PROPOSAL

A New Hampshire man who attempted to fraudulently obtain over six million dollars has been sentenced to over two years in prison.  

A New Hampshire man who attempted to fraudulently obtain over six million dollars has been sentenced to over two years in prison.  

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Both were accused of inflating the companies’ revenues and the number of employees on the applications. The man also was accused of submitting false tax filings.

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