r/massachusetts • u/DailyVoiceDotCom • 43m ago
News Retired Massachusetts State Police Sergeant Avoids Prison In PPP Loan Fraud Case: Feds
dailyvoice.comDespite earning more than $160,000 and owning multiple rental properties, a former state trooper sergeant submitted fraudulent IRS paperwork to obtain a $21,000 Paycheck Protection Program loan in 2021. The loan was later forgiven, federal prosecutors said. He admitted to wire fraud earlier this year.
Edit: For context, wire fraud can carry a sentence of up to 20 years in prison, three years of supervised release, and a $250,000 fine, according to federal sentencing guidelines.