Santa Clarita guy pleads guilty to scam in $655,000 COVID-19 financial assistance strategy

Santa Clarita guy pleads guilty to scam in $655,000 COVID-19 financial assistance strategy

L. A. — A Santa Clarita people pleaded guilty Tuesday to a national fraud fee for getting $655,000 in Paycheck security plan financing by distributing phony income tax documents and personnel records.

Raymond Magana, 39, pleaded accountable, via Zoom, to just one count of scam regarding the significant catastrophe or crisis advantages, in line with the U.S. attorneys’s Office.

U.S. area assess Stanley Blumenfeld Jr. set a will 11 sentencing hearing in L. A. national judge.

Magana acknowledge to utilizing fraudulence to have $655,000 in PPP debts.

Last month, co-defendant Steven R. Goldstein, 36, of Northridge, pleaded bad to the exact same charge. Blumenfeld booked a March 30 sentencing hearing for Goldstein.

Prosecutors say the defendants requested significantly more than five split PPP loans totaling over $2.5 million from various banking companies.

The PPP loan regimen was launched at the start of the COVID-19 pandemic and was created allowing people who run businesses maintain staff to their payroll.

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