24 Roanoke residents face charges for a $1.5M money laundering conspiracy using fraudulent PPP loans.

24 people in Roanoke face charges for a $1.5M money laundering conspiracy using pandemic relief funds from the Paycheck Protection Program (PPP). The group allegedly applied for PPP loans without operational businesses and used personal info from friends and acquaintances to submit fraudulent applications. Charges include wire fraud, conspiracy to commit wire fraud, money laundering, making false statements, and fraud in relation to an emergency benefits program.

July 10, 2024
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