L . A . — A Santa Clarita guy pleaded accountable Tuesday to a federal scam cost for acquiring $655,000 in salary shelter plan loans by posting phony taxation documents and staff member details.
Raymond Magana, 39, pleaded bad, via Zoom, to a single number of fraud associated with biggest disaster or crisis pros, according to research by the U.S. Attorney’s Office.
U.S. section assess Stanley Blumenfeld Jr. ready a might 11 sentencing hearing in Los Angeles federal judge.
Magana accepted to using scam to have $655,000 in PPP loans.
Latest thirty days, co-defendant Steven R. Goldstein, 36, of Northridge, pleaded guilty into exact same fee. Blumenfeld planned a March 30 sentencing hearing for Goldstein.
Prosecutors say the defendants applied for significantly more than five separate PPP loans totaling over $2.5 million from different banks.
The PPP mortgage plan premiered at the outset of the COVID-19 pandemic and was created allowing business people keeping employees on the payroll.
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