Fort Wayne Woman Ordered to Pay $55K in COVID-19 Loan Fraud Case

Fort Wayne woman ordered to pay $55K in COVID-19 loan fraud case

FORT WAYNE, Ind. (WANE) -- A U.S. District Court judge sentenced a Fort Wayne woman to two years of probation and ordered her to pay more than $55,000 in restitution for lying about a fake business in order to receive emergency COVID-19 funding. Rakita Davis, 45, pleaded guilty to federal felonies for wire fraud, according to the U.S. Attorney's Office. According to documents in the case, Davis applied for two Paycheck Protection Program (PPP) l…

Covid loan fraud director handed 11-year ban

The director of a plumbing and heating company has been banned for 11 years after fraudulently exaggerating his firm’s turnover to secure a Covid bounce back loan. Carl Barnes, director of Central Plumbing & Heating Lincoln, exploited the scheme to claim a loan for £47,500,… The post Covid loan fraud director handed 11-year ban appeared first on Construction News.