The Paycheck Protection Program included hundreds of billions of dollars in loans for small businesses amid the pandemic restrictions.
The 39-year-old man, who pleaded guilty to several crimes, had falsely stated that he was a U.S. citizen by lying on a passport application.
The Texans who were indicted range in age from 29 to 70 and are accused of crimes such as wire fraud and money laundering.
The Cleveland residents are accused of creating an operation that charged people in exchange for illegitimately obtaining federal funds.
The Coppell resident was able to rip off almost $18 million and sent part of it to India, paid off mortgages, purchased a new home, and bought a luxury car.
Thus far, there are 30 prosecutions for fraudulent use of Paycheck Protection Program money across the country, the latest one being a Houston man who spent it on a Lamborghini Urus, a Rolex watch, and more.
Federal unemployment benefits are set to expire at the end of this week and Congress has yet to solidify legislation for its next phase of coronavirus relief.
A 29-year-old Houston man has been charged with four felonies after a complaint was filed by a U.S. Postal Inspector.
Federal authorities say a 51-year-old man fraudulently obtained more than $2 million in coronavirus aid, then used it to purchase a Rolls Royce and a wake boat.
The U.S. House of Representatives passed a bill amending provisions of the Paycheck Protection Program that hindered businesses' abilities to stay afloat.
Samuel Yates allegedly used an online generator to fabricate the names of 400 fake employees in an attempt to obtain $5 million in coronavirus small business aid.
The bipartisan bill announced by Rep. Chip Roy would revamp some of the rules within the Paycheck Protection Program that have complicated usage of the loans by businesses.
