Blueacorn Founder Convicted in Multi-Million Dollar PPP Fraud Scheme

Blueacorn Founder Convicted in Multi-Million Dollar PPP Fraud Scheme

A federal jury on Friday convicted Stephanie Hockridge, 42, a founder of the lender service provider Blueacorn, for her role in a scheme to

Blueacorn founder guilty on one count, faces up to 20 years

She “abused the generosity of the American people by stealing money dedicated to the survival of small businesses to fraudulently enrich herself,” one acting U.S. attorney said.

PPP Fraud: Lender Service Founder Convicted in $2 Million Scheme

In a landmark case, Stephanie Hockridge, co-founder of the lender service provider Blueacorn, has been convicted of orchestrating a multimillion-dollar fraud scheme related to the Paycheck Protection Program (PPP). This development serves as a critical reminder for small business owners to remain vigilant against fraud, especially in times of economic crisis. Hockridge, operating under the alias Stephanie Reis, faced serious charges for submitti…