Virginia Beach businessman sentenced for COVID-19 relief fraud scheme
Published Thursday, May. 27, 2021, 6:56 am
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A Virginia Beach man was sentenced last week to two years in prison for bank fraud by submitting a fraudulent application for a Paycheck Protection Program loan, and then using the loan proceeds for his own personal benefit.
According to court documents, in June 2020, Scott Suber, 39, submitted to Celtic Bank a fraudulent application for a loan under the PPP, a program designed to help businesses affected by the COVID-19 pandemic continue to pay salary or wages to their employees.
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