L . A . — A Santa Clarita man pleaded bad Tuesday to a national fraud fee for acquiring $655,000 in income Safety regimen financing by submitting fake tax paperwork and personnel records.
Raymond Magana, 39, pleaded accountable, via Zoom, to an individual number of fraud relating to biggest tragedy or emergency benefits, in line with the U.S. lawyer’s Office.
U.S. section assess Stanley Blumenfeld Jr. put a May 11 sentencing hearing in Los Angeles national judge.
Magana acknowledge to utilizing scam to acquire $655,000 in PPP debts.
Latest thirty days, co-defendant Steven R. Goldstein, 36, of Northridge, pleaded bad towards the exact same fee. Blumenfeld booked a March 30 sentencing hearing for Goldstein.
Prosecutors state the defendants requested more than five different PPP business loans totaling above $2.5 million from numerous financial institutions.
The PPP loan plan premiered at the start of the COVID-19 pandemic and was designed allowing people who run businesses maintain employees on the payroll.
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