Multiple Men Plead Guilty to PPP Fraud Totaling $4 Million
Edward Baker Harrington, a Colorado man, pleaded guilty to submitting fraudulent Paycheck Protection Program (PPP) applications to obtain more than $1 million in loans. He falsely represented that the funds would be used to pay eligible business expenses, but instead used them to purchase property and vehicles. Harrington faces a maximum sentence of 20 years in prison and a fine of up to $250,000 for wire fraud and 10 years in prison and a fine of up to $250,000 for money laundering.