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Former Phoenix Anchor Indicted in Alleged PPP Loan Scheme

  • Stephanie Hockridge and Nathan Reis, a couple, have been indicted for fraud related to COVID-19 relief loans according to the U.S. Department of Justice.
  • They are accused of submitting false and fraudulent Paycheck Protection Program loan applications to obtain ineligible funds.
  • If convicted, they face up to 20 years in prison for each count of conspiracy and wire fraud.
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Fox 10 Phoenix broke the news in on Friday, November 22, 2024.
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