Dossier
COVID-19 Relief Fraud
Coverage of COVID-19 Relief Fraud in the Nexus archive.
- Founder of Lender Service Provider Pleads Guilty for Role in PPP Fraud Scheme
A founder of Blueacorn, a lender service provider, pleaded guilty to his involvement in a fraudulent scheme to illegally obtain COVID-19 relief funds through the Paycheck Protection Program (PPP). This case highlights ongoing prosecutions related to pandemic relief fraud.
- Co-Founders of Paycheck Protection Program Lender Service Provider Charged for COVID-19 Relief Fraud Scheme
Nathan Reis and Stephanie Hockridge, co-founders of a PPP loan service provider, have been charged with submitting fraudulent COVID-19 relief loan applications for themselves and their businesses. The duo, based in Puerto Rico and formerly from Arizona, allegedly exploited their position as administrators of the Paycheck Protection Program to commit fraud.