Christopher Lee Carroll, el hombre de Missouri que estableció una compañía de camiones como parte de un esquema más amplio para obtener fraudulentamente préstamos bajo el plan de protección de sueldo impulsado por la pandemia, ha sido sentenciado a nueve años en una prisión federal. Un jurado...
Paycheck Protection Program
Missouri truck company owner gets 9 years for PPP fraud, other felonies
Christopher Lee Carroll, the Missouri man who set up a trucking company as part of a broader scheme to fraudulently obtain loans under the pandemic-driven Paycheck Protection Plan, has been sentenced to nine years in federal prison.
A jury convicted Carroll in September of three counts of bank fraud, three counts of making false statements to a financial institution, one count of conspiracy to violate the Clean Air Act, 13 violations of the Clean Air Act and two counts of threatening a witness.
Ca...
Feds indict truck company owner, tax adviser in Tennessee for PPP fraud
The owner of a Memphis, Tennessee, trucking firm and its outside financial adviser have been indicted on charges relating to allegations of fraud in receiving about $786,000 in Paycheck Protection Program funds.
Kevin Shaw is the owner and operator of Freight Masters Group, according to the indictment handed down Tuesday but announced Friday. Shaw was indicted along with Lisa Evans, who resides in Mississippi but operated a business called USA Taxes in Memphis.
The indictments were announced by...
La empresa de camiones de Mississippi y su propietario son acusados de utilizar indebidamente los fondos de la APP
Una empresa de camiones de Mississippi y su propietario han sido golpeados con cargos que mal uso de los fondos pagados a través del Programa de Protección de Cheques.
Bailey’s Trucking LLC y su propietario, Xavier Bailey, del condado de Tallahatchie, fueron acusados la semana pasada de mal uso de 143.738 dólares en fondos del PPP después de tergiversar el tamaño de la nómina de la empresa en la solicitud.
Un abogado de la oficina del fiscal del distrito norte de Mississippi, Joseph Webster,...
Mississippi trucking company, owner indicted on PPP fraud charges
A Mississippi trucking company and its owner have been indicted on charges they misused funds paid out through the Paycheck Protection Program.
Bailey’s Trucking LLC and its owner, Xavier Bailey, of Tallahatchie County, were charged last week with misuse of $143,738 in PPP funds after misrepresenting the size of the company’s payroll in the application.
The name of the financial institution that issued the funds was not disclosed in the indictment. Companies that sought loans through PPP,...
https://www.freightwaves.com/news/mississippi-trucking-company-owner-indicted-on-ppp-fraud-charges
PPP gets another 2 months; transportation, warehousing share of loans growing
A two-month extension of the Paycheck Protection Program awaits the signature of President Biden following a Senate vote late last week authorizing the additional time.
The 2021 version of the PPP was to end on Wednesday. Under the legislation, it will be extended to May 31, with an additional 30 days tacked on for processing by the Small Business Administration.
That additional 30 days for SBA processing is a change from prior programs, in which the SBA deadline was the same as the filing...
Trade groups swing behind extending PPP for several more months
A letter signed by dozens of trade associations urging an extension of the ongoing Paycheck Protection Program runs to four pages. Three of those pages are just the names of the signers.
Well more than 100 trade associations signed the Monday letter to various members of the House and Senate small business committees, urging an extension of the program that expires March 31. They wrote the letter in support of the PPP Extension Act of 2021, a bill introduced last week with bipartisan...
https://s29755.pcdn.co/news/trade-groups-swing-behind-extending-ppp-for-several-more-months
PPP lending only to businesses of up to 20 workers for 2 weeks
If you’re a small business that has been thinking about getting money under the Paycheck Protection Program for either a first or second time, the clock is ticking to join a party that only you are invited to attend.
In a series of changes announced by the Biden administration Monday morning, the Small Business Administration said it would kick off a 14-day period this Wednesday during which it would accept applications for PPP funding only from companies that have 20 employees or fewer.
But...
https://s29755.pcdn.co/news/ppp-lending-only-to-businesses-of-up-to-20-workers-for-2-weeks
Tennessee lawmaker to pursue vaccines at truck stops
A Tennessee lawmaker said he would look into the potential for making vaccines available at a major truck stop operator after hearing about concerns faced by small-business truckers.
Republican U.S. Rep. Tim Burchett made the offer on Thursday in response to testimony from Lewie Pugh, executive vice president of the Owner-Operator Independent Drivers Association (OOIDA), who explained the difficulties drivers will be facing particularly with vaccines that require a follow-up second shot.
“One...
https://www.freightwaves.com/news/tennessee-lawmaker-to-pursue-vaccines-at-truck-stops
Second round of PPP funding begins Monday
The bank doors open Monday for the next round of borrowing under the Paycheck Protection Program, with borrowers from the first round eligible to go in for another round of low-interest loans that can be forgiven under certain circumstances.
The Small Business Administration announced Friday that it would start taking applications for new borrowers and “certain” existing borrowers. But the restricted nature of the first days is not expected to last long; the SBA said the PPP will open “to all...
https://www.freightwaves.com/news/second-round-of-ppp-funding-begins-monday