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PPP Fraudster Sentenced to 10 Years for Stealing $65 Million in Relief Funds
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PPP Fraudster Sentenced to 10 Years for Stealing $65 Million in Relief Funds
Nathan Reis, co-founder of a lender service provider, recently received a ten-year prison sentence for orchestrating a scheme that fraudulently acquired over $65 million in Paycheck Protection Program (PPP) loans, a key relief measure under the Coronavirus Aid, Relief, and Economic Security (CARES) Act. This case serves as a striking reminder of the potential pitfalls in pursuing federal funding and the repercussions of misusing taxpayer dollars…
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