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        <title><![CDATA[Charges filed against two alleged PPP fraudsters]]></title>
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        <lastBuildDate>Tue, 05 May 2020 20:14:44 +0000</lastBuildDate>
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            <media:title type="html">Charges filed against two alleged PPP fraudsters</media:title>
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        <content:encoded><![CDATA[<p>The US Justice Department on Tuesday brought its first criminal charges against people it accused of defrauding the <strong>$660 billion Paycheck Protection Program</strong> aimed at dulling the coronavirus pandemic’s heavy hit on the economy.</p><p>The <strong>small-business loan program</strong> is part of an unprecedented $2.2 trillion coronavirus economic package meant to reimburse businesses and households for lost income due to shutdowns and stay-at-home orders.</p><p>David Staveley, 52, of Andover, Mass., said he needed more than $400,000 to help employees at three restaurants, when in fact two of the establishments were closed before the pandemic began and the third has a different owner, prosecutors alleged.</p><p>Prosecutors said David Butziger, 51, of Warwick, RI, lied about the number of employees at a small business to obtain a forgivable $105,000 loan.</p><p>The two men exchanged emails about how to create fraudulent loan applications and supporting documents, the Justice Department said.</p><p>Both men were arrested on charges including conspiracy to commit bank fraud.</p><p>“It is unconscionable that anyone would attempt to steal from a program intended to help hard-working Americans continue to be paid so they can feed their families and pay some of their bills,” US Attorney Aaron Weisman of Rhode Island said in a statement.</p><p>In March, Attorney General William Barr ordered all US attorneys&#8217; offices to prioritize investigations into coronavirus scams, such as the peddling of fake cures, investment schemes and Medicare fraud.</p><p>Attempts to contact the men or their lawyers were not immediately successful.</p>]]></content:encoded>
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