14 Mississippians arrested in PPP Fraud Case
Fourteen Mississippians have been arrested on federal fraud charges related to pandemic loans.
The Department of Justice says those individuals have been charged with conspiracy, illegal financial transactions, and wire fraud by applying for loans through the payroll protection program.
That program was set up to prevent businesses from failing during the COVID-19 pandemic. These individuals face up to 30 years in prison for the conspiracy and wire fraud charges and an extra ten years for the financial transaction charges.