Nathan Reis pleaded guilty last week to conspiracy to commit wire fraud; a Texas jury convicted his wife, Stephanie Hockridge, of the same charge in June.

The duo fabricated documents to apply for hundreds of thousands of dollars they weren't eligible for, according to their indictment.

The couple was accused of fabricating documents to apply for hundreds of thousands of dollars in loans they weren't eligible ...

The full application, as well as the EZ version, give borrowers the option of using the original eight-week covered period if the loan was made before June 5 or an extended 24-week covered period.

In April 2022, McClarrin applied for loan forgiveness for the $21,000 PPP loan. He stated on the application forms that he had 20 employees and had spent $20,000 of the loan on payroll costs.

Time mattered for PPP applicants. The PPP was a temporary program that ended when loan funds ran out in mid-2021. That means that consumers subjected to delayed processing of their applications ...

In addition, on Feb. 10, 2021, Chapman submitted a PPP loan application in the name of her company, Upscale Credit Lounge, which included a falsified tax document that reported revenue of $103,674 ...

For example, a PPP loan application was submitted on behalf of 5 Stems Inc. to Evolve. The application represented that in 2019 the company had 194 employees and an average monthly payroll of ...

The relief bill added another $320 billion to the PPP and disaster loan programs after they ran dry less than two weeks after first launch, which initially offered $349 billion in loan funding.