All articles tagged with #ppp loan fraud
A south suburban man, Sharhabeel Shreiteh, was sentenced to 120 months in federal prison for leading a $14 million Paycheck Protection Program loan-fraud scheme, filing more than 1,500 bogus applications for about 1,025 clients and taking roughly $740,000 in kickbacks; prosecutors say most funds were forgiven and he directed money overseas, while a co-defendant’s charges are pending and he faces a related tax-fraud case.
Seventeen employees of the Broward County Sheriff's Office (BSO) in Florida have been charged with fraudulently applying for and receiving Paycheck Protection Program (PPP) loans. The investigation, which looked into all 5,500 BSO employees, identified about 100 employees who took PPP loans, and narrowed it down to 17 whose applications were deemed illegitimate. The employees collectively took just under $500,000 from the federal government. The charged employees, including sworn law enforcement deputies and jailers, are facing federal charges related to PPP wire fraud. The BSO employees are in the process of being fired, and the investigation remains ongoing with the possibility of more indictments.