A Massachusetts man pleaded guilty last month to wire fraud charges related to a $400,000 Paycheck Protection Program loan he claimed would support staff at a purported home health company, according to the U.S. Attorney’s Office for the District of Massachusetts.
 
“Instead, he made mortgage payments on his home and wrote checks to individuals with whom he had a personal relationship,” a Department of Justice release stated.
 
The charge of wire fraud provides for a sentence of up to 20 years in prison, three years of supervised release and a fine of $250,000, or twice the gross gain or loss from the scheme, whichever is greater.
 
Read more of the DOJ release: https://bit.ly/3RbT4P5.