Lisa Evans pleaded guilty to defrauding the Paycheck Protection Program, a federal program dedicated to helping small businesses overcome the COVID-19 pandemic.
An Olive Branch woman is heading to prison after admitting to stealing over $5 million from a COVID-19 relief program.
Lisa Evans, 42, pleaded guilty Thursday, Feb. 20, to cheating the Paycheck Protection Program (PPP) — a federal program dedicated to helping small businesses overcome the COVID-19 pandemic — in a wire fraud scheme.
She submitted false PPP loan applications for numerous people who were not eligible to receive PPP loans, according to information presented in court. These documents had false representations, including fake federal tax documents. The individual borrowers paid Evans 20 to 30 percent kickbacks after getting the PPP loan funds. The scheme cost the PPP program $5,126,258.
Her sentencing will happen on May 22, 2025, and can face a maximum term of 20 years in federal prison. --->READ MORE HERE
A Tennessee business owner has agreed to pay the United States over $1 million to resolve allegations that he unjustly enriched himself by misappropriating COVID-19 Economic Injury Disaster Loan (“EIDL”) funds obtained from the Small Business Administration (SBA) during the COVID-19 pandemic.
The civil settlement was announced by Michael A. Bennett, United States Attorney for the Western District of Kentucky.
“COVID-19 EIDL funds were intended to help small business owners during difficult economic times and taking advantage of this program will not be tolerated,” said U.S. Attorney Bennett in a release. “Our office is committed to investigating and recovering taxpayer monies that have been diverted or misused.”
During the COVID-19 pandemic, the SBA provided COVID-19 EIDLs to small businesses for “working capital.”
RyanTurtle owned the Turtle Company, a Kentucky corporation, which operated Little Caesars franchises in Western Kentucky. According to the release, on October 27, 2021, Turtle submitted an Amended Loan Authorization and Agreement with the SBA. He certified and promised that he would use the loan proceeds as working capital for his business as required by the Agreement. --->READ MORE HEREFollow links below to relevant/related stories and resources:
How Brevard spent hundreds of millions of dollars in federal aid during COVID pandemic
13 Jacksonville restaurant casualties of the COVID-19 pandemic and its aftermath
USA TODAY: Coronavirus Updates
WSJ: Coronavirus Live Updates
YAHOO NEWS: Coronavirus Live Updates
NEW YORK POST: Coronavirus The Latest
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