A California man was sentenced today to 46 months in prison and ordered to pay $6,993,700 in restitution and $535,041 in forfeiture for his role in defrauding the Small Business Administration (SBA) out of millions of dollars in loans through the Economic Injury Disaster Loan (EIDL) Program.
This crime news article "California CEO Sentenced for Role in Covid-19 Relief Fraud Resulting in Millions of Stolen Funds" was originally found on https://www.justice.gov/usao/pressreleases