Tag: PPP Loan

Missouri woman pleads guilty in PPP Loan fraud

A Missouri woman, Venester Fayne, pleaded guilty to wire fraud and money laundering related to COVID-19 relief programs. She submitted false tax documents to secure $600,284 in PPP and EIDL loans, misusing funds for personal luxury expenses. Sentencing is scheduled for February 18, 2025, with a potential 30-year prison term.