A 62-year-old Redmond man pleaded guilty Thursday to conspiring to defraud the COVID-19 Paycheck Protection Program of more than $600,000. FOX13
The U.S. Attorney's Office said Joseph Freeman used the names of two companies he registered to get PPP loans to protect the salaries of employees he did not actually have. PPP loans are forgivable, meaning Freeman could nab the federal funds and then never be required to pay them back.
In June 2020, they submitted a second application, this time claiming their company New Jack Trucking LLC had 10 employees and a monthly payroll of $58,400. The conspirators claimed their business had been in operation since Feb. 2020, though it never actually had any business activity. Freeman and the co-conspirators received $146,000 for their application.
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