Local Residents Sentenced in Separate Fraud Cases
Three Massachusetts residents have been sentenced recently for separate loan and bank fraud cases.
Acton Man Pleads Guilty to SBA EIDL Fraud
An Acton man has pleaded guilty for his role in a scheme to use stolen identities to obtain COVID-related U.S. Small Business Administration loans and then launder the money through fraudulent bank accounts.
Marblehead Residents Arrested for Alleged EIDL, PPP Fraud
A Marblehead man and woman are accused of submitting fraudulent loan applications for religious charitable organizations they control.
SBA Extends COVID-Related EIDL Deferrals
Business owners who have received COVID-related Economic Injury Disaster Loans through the U.S. Small Business Administration now have more time before they need to begin repaying the loan.
Hull Man Sentenced for PPP, EIDL Fraud
A Hull man was sentenced to two years in prison for submitting fraudulent documentation to receive pandemic-related U.S. Small Business Administration loans.
Salem Man Pleads Guilty to EIDL Fraud
A Salem man has pleaded guilty to a fraud scheme involving COVID-19 relief funds for small businesses.
COVID EIDL Program Ends on Friday
The Economic Injury Disaster Loan program for small businesses affected by COVID-19, a key financing option throughout the pandemic, will close on Friday.
SBA Increases EIDL Loan Limit
The U.S. Small Business Administration has increased the borrowing limit for the COVID Economic Injury Disaster Loan (EIDL) program and made other changes to help small businesses affected by the Delta variant.
Two Charged with EIDL Fraud
Two men were arrested and charged in connection with a scheme to use stolen identities to fraudulently obtain $450,000 in disaster loans from the U.S. Small Business Administration and launder the funds.
