Raymond Magana, 41, was sentenced by U.S. District Judge Stanley Blumenfeld Jr., who ordered him to pay $360,415 in restitution, according to the U.S. Attorney's Office.
A Santa Clarita man was sentenced Monday to 41 months in federal prison for attempting to steal millions of dollars in Paycheck Protection Program (PPP) COVID-relief loans for his companies by submitting fraudulent applications that included fake tax documents and information for non-existent employees.
Sentencing Due for Northridge Man Who Defrauded COVID-19 Relief Fund iheart.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from iheart.com Daily Mail and Mail on Sunday newspapers.
By City News Service
Jan 26, 2021
LOS ANGELES (CNS) - A Santa Clarita man is expected to plead guilty this morning to a federal fraud charge for obtaining $655,000 in Paycheck Protection Program loans by submitting phony tax documents and employee information.
Raymond Magana, 39, has agreed to enter a guilty plea via Zoom to a single federal count of fraud in connection with major disaster or emergency benefits, according to the U.S. Attorney s Office.
Magana admits to fraudulently obtaining $655,000 in PPP loans, according to his plea agreement.
Last month, co-defendant Steven R. Goldstein, 36, of Northridge, pleaded guilty to the same charge. U.S. District Judge Stanley Blumenfeld Jr. scheduled a March 30 sentencing hearing for Goldstein, who faces up to 30 years in federal prison.
Corruption from the Top Down Details
AT LENGTH-A small group of “Recall Newsom” protestors were gathered on 6th Street in San Pedro on the night of the recent stay-at-home order issued by the governor’s office.
Sure, Gov. Gavin Newsom has some apologizing to do because of his French Laundry dinner party during this pandemic. In fact, that’s exactly what he did with a very public
mea culpa, yet the critics keep harping on it.
By contrast the White House is hosting something like 25 Christmas parties on their way out the door, which will surely be “unmasked” events. But then Donald Trump isn’t being a hypocrite because he has never issued a stay-at-home order nor advised his base to do anything other than come to his rallies and get infected. The spread of the coronavirus in the red states where Trump pressed his campaign the most reflects his disregard for the seriousness of the disease.