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Bozeman woman admits to fraud charges in PPP loan scheme

A Bozeman woman, Alaina Marie Garcia, has admitted to fraud charges related to a Payroll Protection Program loan scheme, according to a press release from the U.S. Attorney's Office, District of Montana.
Garcia pleaded guilty to one count of bank fraud and one count of money laundering.
She could face up to 30 years in prison for bank fraud and up to 10 years for money laundering, along with substantial fines and supervised release.
Garcia applied for a $613,000 PPP loan, promising to use the funds for payroll, but instead spent it on personal expenses.

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Bozeman Daily Chronicle

Bozeman rental agency owner admits to fraud, laundering $613K relief funding

The government alleged in court documents that Garcia applied for and was approved for a Payroll Protection Program loan from Celtic Bank for $613,000 in 2020.

5 days ago·Cherokee County, United States

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Bozeman woman pleads guilty to fraud charges

According to a release from the U.S. Department of Justice, Alaina Marie Garcia, 24, pleaded guilty to one count of bank fraud and one count of money laundering.

6 days ago

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ABC FOX Montana

+27 Reposted by 27 other sources

Bozeman woman admits to fraud charges in PPP loan scheme

MISSOULA, Mont. — A Bozeman woman has admitted to fraud charges related to obtaining relief funds through deceit, according to a press release from the U.S. Attorney's Office, District of Montana.

6 days ago·Missoula, United States

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