October 12, 2021 For the second time in one week, a defendant has been sentenced in U.S. District Court in Providence, RI, to a significant term of incarceration in federal prison for defrauding or attempting to defraud the Paycheck Protection Program administered by the Small Business Administration (SBA) under the Coronavirus Aid, Relief, and Economic Security (CARES) Act, announced Acting United States Attorney Richard B. Myrus.
The Office of United States Attorney General for the District of RI announced on Tuesday that for the second time in one week, a defendant has been sentenced in U.S. District Court in Providence, Rhode Island to a "significant term of incarceration in fed
NEW YORK Barry Diller's IAC is buying Meredith, one of the country's largest magazine companies and the publisher of People, Southern Living and InStyle, in hopes of accelerating a digital shift as print fades. IAC's Dotdash, a collection of websites including Investopedia, Brides, Serious Eats and Simply Recipes, will join with Meredith, the companies announced Wednesday. IAC is paying $42.18 per share, or about $2.1 billion. It's a big turnaround for Des Moines, Iowa-based Meredith, which only four years ago bought the Time Inc. magazines for $1.8 billion to bulk up its own magazine business.
David Staveley, 54, of Andover, Massachusetts, and an accomplice were the first people in the country accused of fraudulently seeking Paycheck Protection Program loans when they were first charged in May 2020.