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COLUMBIA, S.C. (WIS) – 4 South Carolinians have pled responsible in connection to PPP (Paycheck Safety Program) mortgage fraud.
Lori Hammond, 53 of Summerville, Catherine Needham, 36, of Manning, Jontrell Wright, 35, of Holly Hill, and Christopher Conrad, 39, of Holly Hill, have all pleaded responsible to conspiracy to commit wire fraud, and wire fraud.
In response to officers, in complete all 4 of them acquired $4,721,638.50 in PPP mortgage funds.
Investigators say Hammond submitted a number of mortgage purposes for herself and her co-conspirators round June 2020 and round January 2021.
All 4 of the suspects face a most penalty of twenty years in federal jail, a fantastic of as much as $250,000, restitution, and three years of supervision.
Investigators say Hammond, Wright, Needham, and Conrad used the funds for non-business-related functions, whereas utilizing data of deceased individuals, false tax data and deceptive statements when making use of for the funds.
United States District Choose David C. Norton accepted the responsible plea and can sentence the defendants after receiving and reviewing a sentencing report ready by the US Probation Workplace.
This case was investigated by the Federal Bureau of Investigation (FBI) and assistant U.S. Legal professional Emily Limehouse is prosecuting the case.
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