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Ppp Scam

Santa Clarita Man Pleads Guilty To Obtaining Over $1 Million In PPP Loan Scam

A Santa Clarita Valley man plead guilty Tuesday to federal charges that he fraudulently obtained more than $1 million in Paycheck Protection Program (PPP) loans for sham companies, officials said. Raymond Magana, 40, of Santa Clarita, pleaded guilty to one count of fraud in connection with major disaster or emergency benefits, funds he obtained by filing tax documents for fake ...

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