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U.S. files first criminal charges for defrauding coronavirus bailout program

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U.S. files first criminal charges for defrauding coronavirus bailout programThe U.S. Justice Department on Tuesday brought its first criminal charges against people it accused of defrauding the $660 billion Paycheck Protection Program aimed at dulling the coronavirus pandemic’s heavy hit on the economy. David Staveley, 52, of Andover, Massachusetts said he needed more than $400,000 to help employees at three restaurants, when in fact two of the establishments were closed before the pandemic began and the third has a different owner, prosecutors alleged. Prosecutors said David Butziger, 51, of Warwick, Rhode Island lied about the number of employees at a small business to obtain a forgivable $105,000 loan.

Source: yahoo.com/news