L . A . — A Santa Clarita man pleaded accountable Tuesday to a national scam charge for acquiring $655,000 in Paycheck security Program debts by distributing phony taxation documents and personnel details.
Raymond Magana, 39, pleaded responsible, via Zoom, to just one count of fraud regarding the significant problem or disaster benefits, in line with the U.S. lawyer’s company.
U.S. area assess Stanley Blumenfeld Jr. arranged a will 11 sentencing hearing in l . a . national judge.
Magana acknowledge to making use of fraud to get $655,000 in PPP financing.
Finally thirty days, co-defendant Steven R. Goldstein, 36, of Northridge, pleaded accountable toward same fee. Blumenfeld scheduled a March 30 sentencing hearing for Goldstein.
Prosecutors say the defendants applied for more than five split PPP business loans totaling significantly more than $2.5 million from various banking institutions.
The PPP mortgage system was released at the start of the COVID-19 pandemic and was made to permit company owners maintain employees to their payroll.
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