Paycheck Protection Program Lender, Service Provider Sentenced, Relief Fraud Scheme Friday — Co-Founder of Paycheck Protection Program Lender Service Provider Sentenced for $63M COVID-19 Relief Fraud Scheme | United States Justice Department.
In total, Hockridge and her coconspirators processed over $63 million in fraudulent PPP loans.On June 20, a jury found Hockridge guilty of one count of conspiracy to commit wire fraud.Acting Assistant Attorney General Matthew R. Since the enactment of the CARES Act, the Fraud Section has prosecuted over 200 defendants in more than 130 criminal cases and has seized over $78 million in cash proceeds derived from fraudulently obtained PPP funds, as well as numerous real estate properties and luxury items purchased with such proceeds.The Money Laundering, Narcotics and Forfeiture Section’s Bank Integrity
Unit investigates and prosecutes banks and other financial institutions, including their officers, managers and employees whose actions threaten the integrity of the individual institution or the wider financial system.Anyone with information about allegations of attempted fraud involving COVID-19 can report it by calling the Justice Department’s National Center for Disaster Fraud (NCDF) Hotline via the NCDF Web Complaint Form at www.justice.gov/disaster-fraud/ncdf-disaster-complaint-form. announcement Co-Founder of Paycheck Protection Program Lender Service Provider Sentenced for $63M COVID-19 Relief Fraud Scheme Friday, November 21, 2025 Share Facebook X LinkedIn Email For Immediate Release Office of Public Affairs
A co-founder of a lender service provider was sentenced to 10 years in prison for participating in a scheme to fraudulently obtain over $63 million in Paycheck Protection Program (PPP) loans guaranteed by the U.S. of the IRS Criminal Investigation (IRS-CI) Dallas Field Office made the announcement.IRS-CI, Special Inspector General for Pandemic Recovery, Federal Reserve Board-CFPB Office of Inspector General, and SBA OIG investigated the case.Acting Assistant Chief Philip Trout of the Criminal Division’s Fraud Section; Trial Attorneys Elizabeth Carr and Ryan McLaren of the Criminal Division’s Money Laundering, Narcotics and Forfeiture Section; and Assistant U.S. Hockridge and