Woman gets jail time, has to repay $357K in pandemic loan fraud

ST. LOUIS COUNTY (KMOV) — A St. Louis County woman has been sentenced to prison and ordered to repay more than $350,000 in pandemic loan fraud.

Rose Ann Shaw, 65, was sentenced to two years in prison after fraudulently getting $357,000 from Paycheck Protection Program(PPP) loans that were put in place to help small businesses during the COVID-19 pandemic. The U.S. Attorney’s Office in the Eastern District of Missouri said Shaw lied about employee numbers and payroll in three separate loan applications.

Between May and August 2020, Shaw applied for loans for Shaw Investments LLC, Shaw Brokerage Real Estate Investment Firm LLC, and Vision LLC. Prosecutors said Shaw lied on all three, claiming the companies had seven employees and an average monthly payroll between $44,400 and $54,256.

Source link

Leave a Reply

Your email address will not be published.

Previous post China, Ukraine Top Agenda as Biden Hosts Macron
Next post White supremacist Derbyshire teenager who inspired mass shooting could be extradited to the US
How Miles Teller Totally Broke Royal Protocol Meeting Prince William and Kate Middleton Mila Kunis Reveals Why She and Ashton Kutcher Don’t Close Bathroom Doors at Home With Kids Khloe Kardashian and Tristan Thompson Were Engaged for 9 Months Before Paternity Lawsuit Selena Gomez Speaks Out About Kindness After Hailey Bieber’s Tell All Interview Shane Warne’s child, Jackson, shares recordings of ‘harmful ladies despising’ powerhouse Andrew Tate: ‘I really do concur with a couple of the things he says’ Kate and William to greet Americans ‘sleeping on the streets’ amid US visit ‘He said “take your bra off”… I was 15’: Supermodel Kate Moss reveals in unflinching detail how she fled a photoshoot in tears after being targeted by fashion industry predator as a teenager How to get early access to the MultiVersus open beta – usnewspress Gunman kills 3 people in Indiana mall shooting, police say Top 10 sizzling sex secrets to Spice Up Your Sex Life Stellantis Announces Termination of Jeep Venture With China’s GAC Memphis police thwart potential mass shooting at arena: Officials 4 dead after argument between 2 groups leads to shooting at north Harris County apartment complex, sheriff says US soprano, offended by blackface, pulls out of Italy opera 10 Top Romantic Getaways in New Jersey Ricky Martin’s Attorney Says Allegations of a Sexual Relationship with His Nephew Are ‘Untrue’ 8 Best Semiconductor Stocks To Buy Amid a Global Chip Shortage : USA Le’Veon Bell Reflects on Lost Season With Steelers in Retirement Post Updates on Tiger Woods from Round 1 of The Open PETE ALONSOI’M DEALING W/ ‘PRETTY BAD PTSD’… Over March Car Crash