LOS ANGELES — A Santa Clarita man pleaded bad Tuesday to a federal fraud cost for getting $655,000 in salary cover Program financial loans by distributing phony taxation records and staff info.
Raymond Magana, 39, pleaded responsible, via Zoom, to an individual count of fraudulence in connection with big problem or emergency importance, according to research by maxloan.org/title-loans-ms the U.S. lawyer’s company.
U.S. section Judge Stanley Blumenfeld Jr. put a May 11 sentencing hearing in Los Angeles federal judge.
Magana accepted to using scam to acquire $655,000 in PPP financing.
Latest thirty days, co-defendant Steven R. Goldstein, 36, of Northridge, pleaded guilty towards exact same fee. Blumenfeld planned a March 30 sentencing hearing for Goldstein.
Prosecutors state the defendants requested a lot more than five individual PPP loans totaling a lot more than $2.5 million from various finance companies.
The PPP financing program was launched at the outset of the COVID-19 pandemic and was made permitting company owners to keep workers to their payroll.
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