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.
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