Santa Clarita guy pleads bad to fraudulence in $655,000 COVID-19 financial assistance plan
LA — A Santa Clarita man pleaded guilty Tuesday to a national fraudulence charge for acquiring $655,000 in salary Safety regimen financial loans by distributing fake taxation documents and worker records.
Raymond Magana, 39, pleaded responsible, via Zoom, to just one count of scam associated with major problem or emergency pros, according to research by the U.S. Attorney’s workplace.
U.S. District assess Stanley Blumenfeld Jr. ready a might 11 sentencing hearing in L. A. federal legal.
Magana accepted to utilizing fraud to obtain $655,000 in PPP financial loans.
Last thirty days, co-defendant Steven R. Goldstein, 36, of Northridge, pleaded accountable to the same fee. Blumenfeld scheduled a March 30 sentencing hearing for Goldstein.
Prosecutors state the defendants applied for significantly more than five individual PPP loans totaling over $2.5 million from numerous financial institutions.
The PPP financing program premiered at the beginning of the COVID-19 pandemic and was created allowing business owners to help keep professionals to their payroll.
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