Tag: paycheck protection program
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Colorado Springs man convicted of taking over $500,000 in COVID-19 relief funds
A Colorado Springs man was found guilty of financial crimes in federal court for receiving more than $500,000 in COVID-19 relief funds, according to a press release from United States Attorney’s Office for the District of Colorado. On Monday, Charles Lacona Jr., 67, was convicted of two counts of wire fraud and one count of money…
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10th Circuit upholds COVID fraud convictions of Colorado Springs-based doctor
The federal appeals court based in Denver agreed on Monday that jurors heard sufficient evidence to convict a doctor of fraudulently obtaining COVID-19 aid from the government and spending it on himself, not on his medical practice headquartered in Colorado Springs. Francis Joseph, the founder of Springs Medical Associates, argued prosecutors failed to prove he…
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Second round of PPP loans: What to expect
Colorado community banks last week started submitting a flood of applications from business owners looking to get a piece of the estimated $284 billion earmarked for the new round of the Paycheck Protection Program loans. Local banking officials said the second round of PPP, part of a $900 billion stimulus package Congress approved in December,…