Pennsylvania

Philadelphia business owner accuses Florida home of using $ 1 million PPP loan to buy luxury car – NBC10 Philadelphia

Owners of a Philadelphia construction company suspected of tampering with information about a salary protection program loan application to obtain nearly $ 1 million used to purchase a series of high-value items, including a new Florida home. Facing fraudulent charges. Philadelphia Business Journal Report..

Devron BrownA US law firm in eastern Pennsylvania announced on Tuesday that 50 former Philadelphia natives had been arrested and charged with two bank frauds and nine money launderings.

The indictment alleges that Brown acquired $ 937,500 in PPP funding from an application containing false statements about his construction project in June 2020. , And the purpose of the loan.

See the details of the complaint on PBJ.com.

Keep up with all your business news in the Philadelphia Business Journal.

Philadelphia business owner accuses Florida home of using $ 1 million PPP loan to buy luxury car – NBC10 Philadelphia

Source link Philadelphia business owner accuses Florida home of using $ 1 million PPP loan to buy luxury car – NBC10 Philadelphia

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