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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