LOS ANGELES — A Santa Clarita man pleaded guilty Tuesday to a federal scam fee for getting $655,000 in income Safety system loans by posting phony tax files and staff records.
Raymond Magana, 39, pleaded accountable, via Zoom, to an individual count of fraudulence in connection with big tragedy or emergency pros, according to research by the U.S. attorneys’s Office.
U.S. region assess Stanley Blumenfeld Jr. ready a might 11 sentencing hearing in Los Angeles federal courtroom.
Magana admitted to using scam to have $655,000 in PPP financing.
Finally period, co-defendant Steven R. Goldstein, 36, of Northridge, pleaded guilty towards the exact same charge. Blumenfeld scheduled a March 30 sentencing hearing for Goldstein.
Prosecutors state the defendants applied for over five individual PPP loans totaling significantly more than $2.5 million from numerous banks.
The PPP mortgage plan was released at the outset of the COVID-19 pandemic and was made Arkansas pawn shops to permit people who run businesses to keep professionals on the payroll.
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