PPP fraud

This week: We review KAL Freight’s legal troubles

A New Hampshire man, who claimed he owned trucking and agriculture businesses, admitted that he conspired with others to fraudulently obtain nearly $320,000 in funds through two COVID-19 pandemic programs.

Freight Masters Inc. owner Herman Shaw was sentenced to 30 months in prison for his role in a scheme to defraud the Paycheck Protection Program.

A federal judge has ordered a Mississippi trucking company and its owner, Xavier Bailey, to pay more than $482,000 after finding Bailey made false statements in order to obtain funds through the U.S. Small Business Administration’s Paycheck Protection Program (PPP).

Already serving nearly seven years in federal prison for embezzling more than $700,000 from the trucking company where she worked, a Missouri bookkeeper was sentenced to two more years for committing Paycheck Protection Program loan fraud.

A former bookkeeper from Missouri admitted she devised a scheme to defraud the Paycheck Protection Program while awaiting sentencing in an unrelated embezzlement case involving a family-owned farm and trucking company.

Feds are attempting to claw back funds from trucking company owners and reality TV stars who vied for PPP loans.

Six people, including the owners of two defunct trucking companies, face multiple charges after federal prosecutors claim they submitted fraudulent loan applications to obtain $1.5 million in funds through the U.S. Small Business Administration’s Paycheck Protection Program (PPP).  The U.S. Department of Justice said Thursday that it has charged Rodericque Thompson, 43, of Atlanta, Micah […]

Ugarte is already under federal indictment in another case involving a $280 million pay-to-play bribery scheme to receive lucrative FedEx Ground contracts.