A New Hampshire man has been sentenced to over two years in prison for attempting to fraudulently obtain over $6 million in federal CARES Act funds for seven businesses, including one allegedly dedicated to helping with pandemic-related aid.
The man, who pleaded guilty in September to bank fraud and wire fraud, applied for 35 Paycheck Protection Program and Economic Injury Disaster Loan funds. He received nearly $874,000 of the total he applied for, the U.S. Attorney’s office said Monday.
The man was sentenced in federal court to 28 months in prison; a co-defendant was sentenced to 41 months in prison.
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Both were accused of inflating the companies’ revenues and the number of employees on the applications. The man also was accused of submitting false tax filings.
