Department of Justice: Repeat Fraudster Sentenced for COVID-19 Loan Fraud Scheme

Department of Justice: Repeat Fraudster Sentenced for COVID-19 Loan Fraud Scheme. “A previously convicted felon was sentenced today to 51 months in prison for engaging in a COVID-19 related loan fraud scheme with losses of nearly $200,000…. According to court documents, Joseph Cherry, 40, of Norfolk, engaged in a scheme to obtain COVID-related loan benefits through the Small Business Administration (SBA) and affiliated lenders.”

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