Joliet police and the Department of Homeland Security announced 25 people are indicted for allegedly defrauding the Paycheck Protection Program.
Joliet police and federal authorities announced that 25 people have been indicted for allegedly defrauding the federal Paycheck Protection Program, or PPP, which helped struggling businesses during the pandemic.
"These Triple P loans that, if they're obtained fraudulently, they're taking that money out of the businesses in our local area that actually need them," said R. Sean Fitzgerald, acting special agent in charge of the U.S. Department of Homeland Security for the Greater Chicago Area. "Getting their application, and part of the prerequisites was they cannot have an open felony indictment, which is how came up with our list of candidates," said Joliet Detective James Kilgore.
"Some of the targets bonded out on their felony cases days after receiving their fraudulent PPP loan," said Joliet Police Chief William Evans.
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Joliet police arrest 15 people for using fake business loans to bond out of jailAn investigation found that some inmates at the Will County Jail were applying for and receiving PPP loans, and then using the money to bond out of jail on their felony cases.
Read more »
Joliet police arrest 15 people for using fake business loans to bond out of jailAn investigation found that some inmates at the Will County Jail were applying for and receiving PPP loans, and then using the money to bond out of jail on their felony cases.
Read more »
Ex-Phoenix officer sentenced in PPP loan fraud caseA federal judge has sentenced a former Phoenix police officer to 15 months in prison for a PPP loan fraud case. abc15
Read more »
Illinois police arrest 15 people after they allegedly used PPP loans to bond out of jailIllinois police and federal agencies arrested 15 people and are looking for several more after they allegedly used PPP funds to bond out of jail during the pandemic.
Read more »