One of the founders of the lender service provider Blueacorn has entered a guilty plea in a scheme intended to fraudulently obtain COVID relief money through the Paycheck Protection Program (PPP). A ...
Johnley Jorcilien, 34, received 10 years probation for laundering nearly $350,000 in fraudulent PPP loans. Jorcilien pleaded guilty and will serve one year of house arrest and pay restitution. He ...
Billionaire Herb Chambers will pay $11.8 million to settle allegations that his companies improperly obtained Paycheck Protection Program (PPP) loans. Chambers' companies allegedly sought loans ...