Home Business Federal grand jury indicted Heartland News director for filing fake PPP loan...

Federal grand jury indicted Heartland News director for filing fake PPP loan application

0
26

[ad_1]

OMAHA, NE (WOWT) – Director indicted by federal grand jury Heartland News on charges of bank fraud in connection with a loan application under the federal COVID-19 assistance program.

MA Yah is facing one episode of bank fraud related to a payroll protection program loan application, according to a report released Monday from the office of Acting US Attorney Ian Sharp.

According to an indictment filed Thursday in federal court, Yah requested $ 100,800 in early May 2020 to support The Heartland News using fake IRS 941 Forms, which indicated that the nonprofit newspaper was paying $ 120,690 wages to nine employees. every quarter in 2019. was dissolved by the Secretary of State of Nebraska on June 28, 2019 and did not file any such forms that year, the document says.

The indictment said that during this period no such forms were filed on behalf of Heartland News, “and the claimed amount paid to employees as wages was overstated and more than actually paid to employees.”

If found guilty, Yahu faces up to 30 years in prison, a $ 1 million fine, a five-year supervised release, and a special assessment of $ 100.

Sharp’s office encourages anyone with information on allegations of attempted fraud related to COVID-19 to report to the US Department of Justice’s National Disaster Fraud Center’s hotline at 866-720-5721; or file a complaint online

The case was investigated by the Federal Bureau of Investigation, the report said.

10/11 Reporter Bill Schummert contributed to this story.

Copyright 2021 WOWT. All rights reserved.

[ad_2]

Source link