Ex-TV anchor sentenced to 10 years for $63M PPP Fraud

Ex-TV anchor sentenced to 10 years for $63M PPP Fraud

A co-founder of the lender service Blueacorn was sentenced to 10 years in federal prison and ordered to pay $63 million in restitution for orchestrating a scheme that fraudulently secured over $63 million in Paycheck Protection Program (PPP) loans.

Ex-Top News Anchor Sentenced In Jaw-Dropping Scheme

Former Phoenix TV anchor Stephanie Hockridge is headed to federal prison after a jury found she helped loot a COVID-era loan program that was supposed to keep small businesses alive. The Justice Department said she will serve 10 years for her role in a massive scheme that siphoned off tens of millions in taxpayer-backed Paycheck Protection Program cash. Newsweek said it reached out to her attorney after hours. Her sentencing comes as authorities…

Ex-TV anchor sentenced to 10 years for $63M PPP Fraud

A co-founder of the lender service Blueacorn was sentenced to 10 years in federal prison and ordered to pay $63 million in restitution for orchestrating a scheme that fraudulently secured over $63 million in Paycheck Protection Program (PPP) loans.