Suburban Chicago Businessman Convicted for Role in Bank Fraud and PPP Fraud Schemes

A federal jury convicted an Illinois businessman yesterday for his role in schemes to fraudulently obtain over $55 million in commercial loans and lines of credit and for submitting fraudulent applications to obtain COVID-19 relief money guaranteed by the U.S. Small Business Administration (SBA) through the Paycheck Protection Program (PPP). 

From the U.S. Department of Justice: Read More