Santa Clarita guy pleads responsible to fraud in $655,000 COVID-19 financial help design
L. A. — A Santa Clarita man pleaded guilty Tuesday to a national fraudulence fee for obtaining $655,000 in income Safety Program debts by distributing fake tax documents and staff details.
Raymond Magana, 39, pleaded responsible, via Zoom, to just one count of fraudulence in connection with significant disaster or emergency advantages, according to the U.S. attorneys’s Office.
U.S. region Judge Stanley Blumenfeld Jr. put a might 11 sentencing hearing in Los Angeles federal legal.
Magana acknowledge to utilizing fraud to acquire $655,000 in PPP financing.
Final thirty days, co-defendant Steven R. Goldstein, 36, of Northridge, pleaded bad toward same fee. Blumenfeld arranged a March 30 sentencing hearing for Goldstein.
Prosecutors state the defendants sent applications for more than five separate PPP business loans totaling a lot more than $2.5 million from various finance companies.
The PPP mortgage program was released at the beginning of the COVID-19 pandemic and was created allowing company owners maintain staff members on the payroll.
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