Santa Clarita people pleads responsible <a href="https://americashpaydayloan.com/pawn-shops-de/">DE pawn shops</a> to scam in $655,000 COVID-19 financial help design

L. A. — A Santa Clarita man pleaded guilty Tuesday to a federal fraudulence fee for obtaining $655,000 in Paycheck Safety plan loans by distributing phony tax documents and staff ideas.

Raymond Magana, 39, pleaded responsible, via Zoom, to just one matter of fraud in connection with biggest tragedy or emergency importance, according to research by the U.S. lawyer’s company.

U.S. District assess Stanley Blumenfeld Jr. ready a will 11 sentencing hearing in Los Angeles national judge.

Magana accepted to utilizing fraudulence to get $655,000 in PPP loans.

Latest period, co-defendant Steven R. Goldstein, 36, of Northridge, pleaded guilty for the same charge. Blumenfeld arranged a March 30 sentencing hearing for Goldstein.

Prosecutors say the defendants requested over five separate PPP loans totaling over $2.5 million from different financial institutions.

The PPP loan plan was launched at the beginning of the COVID-19 pandemic and was made to permit companies to help keep employees on the payroll.

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