Two women in South Florida engaged in a scheme to fraudulently obtain over $800,000 in federal loans designated for small businesses during the pandemic. Raisha Kelly received a five-year prison sentence after being found guilty of wire fraud for her role in falsifying tax returns for loan applications. Her accomplice, Malaina Chapman, a former SBA employee, pleaded guilty to conspiracy and is awaiting sentencing. The article highlights the broader issue of widespread PPP loan fraud in South Florida, with many individuals exploiting the pandemic relief funds for personal gain, including luxury purchases.
As the coronavirus swept across the country, two South Florida women teamed up to steal more than $800,000 in federal government loans.
Raisha Kelly, 44, was sentenced to five years in prison after being found guilty of wire fraud by submitting falsified tax returns.
Since Congress adopted the pandemic relief program, South Florida has been a hotbed of PPP loan fraud.
Chapman was the first ex-SBA employee in the country to be charged with bilking the agency responsible for doling out $800 billion in PPP loans.
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