Federal prosecutors allege that Renata Walton and Nicole Jones exploited pandemic relief programs, fraudulently acquiring $65 million through various schemes targeting small-business clients.
The two women prepared more than 50 counts of fraudulent activities, including wire fraud and money laundering, after soliciting businesses for pandemic-related grant money.
By improperly securing funds through the Employee Retention Credit, which was designed to help businesses maintain payroll during the pandemic, they caused significant financial harm.
Walton and Jones have pleaded not guilty to the charges but have been released on bonds, despite the seriousness of their alleged crimes.
Collection
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