Santa Clarita guy pleads bad to fraudulence in $655,000 COVID-19 financial assistance plan

By December 20, 2021 loans payday

Santa Clarita guy pleads bad to fraudulence in $655,000 COVID-19 financial assistance plan

LA — A Santa Clarita man pleaded responsible Tuesday to a national fraud fee for getting $655,000 in Paycheck Protection system financing by publishing phony taxation documents and worker details.

Raymond Magana, 39, pleaded responsible, via Zoom, to just one matter of scam relating to significant problem or disaster value, according to research by the U.S. Attorney’s company.

U.S. area Judge Stanley Blumenfeld Jr. put a May 11 sentencing hearing in l . a . federal courtroom.

Magana acknowledge to utilizing scam to obtain $655,000 in PPP debts.

Latest month, co-defendant Steven R. Goldstein, 36, of Northridge, pleaded accountable for the same charge. Blumenfeld arranged a payday loans NE March 30 sentencing hearing for Goldstein.

Prosecutors state the defendants sent applications for over five split PPP loans totaling over $2.5 million from numerous banking companies.

The PPP financing plan was released at the outset of the COVID-19 pandemic and was made to permit business people keeping people on their payroll.

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