4 in Arizona Get Prison Time for Fraudulently Getting Millions in Federal COVID-19 Aid

2023-06-09 16:57:11 • 2 mins

PHOENIX (AP) The U.S. Attorney's Office for Arizona says four people have been sentenced for fraudulently obtaining millions of dollars in federal COVID-19 assistance, including a couple who netted $13 million.

Federal prosecutors said Thursday four people in three separate cases were recently given significant prison terms for taking advantage of Paycheck Protection Program (PPP) loans.

Kimberly and Jason Coleman of Mesa were convicted of falsely submitting two dozen loan applications to collectively get over $30 million. Investigators say more than 10 submissions were approved, netting them over $13 million in funds. The couple used that money on luxury cars, real estate properties, jewelry and merchandise from high-end retail outlets.

#money #business #realestate #10others #separatecases

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