Santa Clarita man pleads responsible to fraud in $655,000 COVID-19 financial assistance system

Posted on Posted in cash america payday loan

Santa Clarita man pleads responsible to fraud in $655,000 COVID-19 financial assistance system

L. A. — A Santa Clarita guy pleaded guilty Tuesday to a federal fraudulence fee for acquiring $655,000 in salary shelter Program financing by distributing fake tax documentation and personnel details.

Raymond Magana, 39, pleaded bad, via Zoom, to one matter of scam in connection with significant disaster or crisis advantages, according to the U.S. lawyer’s workplace.

U.S. region Judge Stanley Blumenfeld Jr. ready a May 11 sentencing hearing in Los Angeles national courtroom.

Magana acknowledge to using scam to get $655,000 in PPP financial loans.

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

Prosecutors say the defendants applied for above five split PPP loans totaling over $2.5 million from different finance companies.

The PPP loan regimen premiered at the beginning of the COVID-19 pandemic and was made to allow entrepreneurs maintain professionals to their payroll.

Relevant Reports

Get the newest news delivered each day!

Hottest

Former Rams training group RB Otis Anderson Jr. chance and killed

Los Angeles district Sheriff’s section shuns COVID-19 tests company over Asia links

Sentencing arranged for group associate who shot two Whittier officials, eliminating one, after eliminating another people

Jacqueline Avant, wife of stone & Roll hall-of-famer, killed in Beverly Hills home attack

Lancaster lady found guilty in 1997 slaying of boyfriend

Lancaster pops faced with destroying his 4 little ones, mother-in-law

William S. Hart School region exploring blows tossed that stopped Valencia and Saugus kids basketball game

Angels GM Perry Minasian believes he included effect with 4 pitchers signed before lockout

Panorama town guy implicated of tasing officer at Capitol riot wishes confession tossed

Woman walks onto LAX tarmac, tries to avoid airplane from departing after missing out on this lady boarding

Town News Service

Join the Conversation

We ask that need all of our commenting platform to take part in informative talks about issues within area. Although we do not pre-screen commentary, we reserve the right at all times to remove any suggestions or ingredients which are unlawful https://americashpaydayloan.com/payday-loans-ia/, harmful, abusive, libelous, defamatory, obscene, vulgar, adult, profane, indecent or otherwise objectionable to you, and divulge any info necessary to satisfy the laws, regulation, or federal government request. We possibly may completely block any individual exactly who abuses these ailments.

I’ve had these types of a great event using folks at Shamrock. With another infant on the road, the pressure was actually onto bring our personal homes. Shamrock forced me to feel like it was the maximum amount of of a priority in their eyes since it were to myself. They stored me current making certain I experienced good comprehension of every step of the procedure. Im thus passionate receive our selves and our little girls in their residence! Many thanks much to make these types of a challenging process a phenomenal knowledge!

Aubrey from Cranston, RI

Shamrock mortgages comes with the best, many responsive associates i’ve actually managed. Everyone else who reached out over myself ended up being accurate on what they required and had every thing filed very early, clearing me personally a couple weeks in advance. They’d my personal straight back every step for the means and always answered any queries I’d. If you should be a first and initial time room consumer or would like to get approved for another home, this is the spot you want to use simply because they will likely make what you want take place!

Working with Shamrock Home Loans is a great event for all of us. Right away in our real estate procedure with the conclusion was actually this type of a breeze. Most people are well-informed, polite, in addition to their reaction time and energy to any questions I inquired is remarkable. We suggest these to anyone! I also operate in the insurance coverage market and every buyer of my own which includes put Shamrock’s services usually have got an excellent experience!

When any person talked in my opinion, they managed me personally almost as a buddy. We felt incredibly comfortable inquiring any matter I got. I was anxious the first occasion since I have dismal credit, even so they examined in on me personally each step for the ways. They even appreciated many of the items going on during my personal lifestyle. Actually, I can’t state enough just how delighted i will be. Thank-you!

STRIKING company! I made use of Shamrock for a property completion and a refinance, and both hours I thought the dreaded body weight of a home finishing completely raised off my shoulders. The staff is incredibly efficient, experienced and pleasurable to partner with. The team can make the entire process from beginning to ending therefore sleek, and can’t wait to do business with all of them once again. Highly recommend, 5+ movie stars!