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A Chattanooga pastor got 30 months in prison and must pay $3.4 million in restitution for fraudulently obtaining $1.8 million in PPP loans during the pandemic.
A Chattanooga pastor, Ricky Lee Taylor Jr., was sentenced to 30 months in prison and ordered to pay over $3.4 million in restitution for fraudulently obtaining $1.8 million in Paycheck Protection Program loans during the COVID-19 pandemic.
He lied about business expenses and employee counts across eight applications and failed to report PPP income on his taxes.
The case, investigated by the U.S. Secret Service and IRS, highlights federal efforts to hold accountable those who misused pandemic relief funds.
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Un pastor de Chattanooga recibió 30 meses de prisión y debe pagar $ 3.4 millones en restitución por obtener fraudulentamente $ 1.8 millones en préstamos de PPP durante la pandemia.