Michigan Man Lands in Jail after Pleading Guilty in $14.5 Million COVID-19 Relief Fraud Scheme in Penn State
An announcement from the police said that a guy from Detroit pleaded guilty in federal court to planning to commit fraud in connection with a pandemic fraud scheme in Pennsylvania.
Matthew Lloyd Parker, who is 37 years old, is accused of working with other people to steal approximately 14.5 million dollars from lenders by filing fake applications for COVID-19 relief loans from March 2020 to August 2021.
“Parker, a licensed CPA from Detroit, recruited hundreds of small businesses in Pittsburgh and Detroit and falsified PPP loan applications in their names,” officials said.
Some 226 of the forms that were sent in were approved by the Small Business Administration.
The US Attorney for the Western District of Pennsylvania, Eric G. Olshan, said that this is the biggest Paycheck Protection Program theft that has ever been found.
Parker is going to be punished for his crime on September 17. It’s possible that he will spend thirty years in jail or pay a one-million-dollar fine.
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