Feds claim trucking company owner bought house, cars with PPP loan

PPP loan fraud

The owner of a Pennsylvania trucking company is facing wire fraud and money laundering charges after federal prosecutors claim he used $467,000 in funds obtained through the U.S. Small Business Administration’s Paycheck Protection Program (PPP) to purchase a residential property, two vehicles and stock market investments.

Federal prosecutors claim Keith McConnell, 43, of Carlisle, Pennsylvania, submitted fraudulent PPP loan applications and forged documents on behalf of his defunct...

https://www.freightwaves.com/news/feds-claim-trucking-company-owner-bought-house-cars-with-ppp-loan

Leave a Comment

Join Our Newsletter
Enter your email to receive a weekly round-up of shipping news.
icon