
Local Residents Sentenced in Separate Fraud Cases
Three Massachusetts residents have been sentenced recently for separate loan and bank fraud cases.
Three Massachusetts residents have been sentenced recently for separate loan and bank fraud cases.
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.
A former Tyngsborough police officer pleaded guilty last week to providing banks with false information to obtain business loans.
A Massachusetts man has agreed to plead guilty to fraudulently obtaining about $1.2 million in federal loans intended to help businesses struggling because of the COVID-19 pandemic.
A Braintree resident and former bank loan officer has agreed to plead guilty to participating in a three-year scheme that involved submitting fraudulent applications to obtain loans from the U.S. Small Business Administration.
A Salem man has pleaded guilty to a fraud scheme involving COVID-19 relief funds for small businesses.
A Stoughton man pleaded guilty last week to fraudulently obtaining more than $220,000 in Paycheck Protection Program loans from several financial institutions.
A Hull man who had previously been convicted in a securities fraud scheme was arrested last week and charged with submitting fraudulent documents to receive Paycheck Protection Program and Economic Injury Disaster loans.
A former real estate attorney was sentenced to more than five years in prison for a scheme to defraud clients, investment firms and commercial lenders.
The operator of a Lawrence used car dealership was arraigned in federal court on charges of defrauding banks and credit unions in connection with an auto loan scheme.
Charges against state Rep. David Nangle, who was arrested this morning by federal agents, include allegations that he provided false information to a bank to obtain loans that in part funded gambling activities.
A former bank officer with Blue Hills Bank was sentenced yesterday to four months in prison for illegally participating in a loan with a financial institution.
A defaulted loan that has been linked to the collapse of a New York State payroll firm will reduce Berkshire Bank’s third quarter earnings by $12 million, according to an SEC filing.
A Somerset man pleaded guilty in federal court in Springfield yesterday to illegally participating in a loan with a financial institution.