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A woman from Florissant, Missouri was sentenced to a year in prison for fraudulently obtaining two pandemic-era loans (Lakenya M. Hobbs)

Summary

A press release from USAO - Missouri, Eastern, published 2023-03-21, "Florissant Woman Sentenced to a Year in Prison, Must Repay $101,000 for Pandemic Loan Fraud". It announces that U.S. District Judge Ronnie L. White sentenced Lakenya M. Hobbs, 40, of Florissant, Missouri, to a year in prison and ordered her to repay $101,567 to the Small Business Administration, after she pleaded guilty in November to bank fraud and wire fraud. The release states that a March 12, 2021 PPP application with false information produced an $81,223 loan, which she spent at electronic stores, restaurants and on airfare, and that she obtained forgiveness on Oct. 1, 2021 by falsely claiming payroll use. It states that a May 27, 2021 application to another bank produced a $20,344 loan that was also forgiven.

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“A woman from Florissant, Missouri was sentenced to a year in prison for fraudulently obtaining two pandemic-era loans (Lakenya M. Hobbs).” Original at www.justice.gov. Archived at Pandemic Darlings, https://pandemicdarlings.com/source-documents/2023-03-21-florissant-woman-sentenced-to-a-year-in-prison-must-repay-1-9d0de89031/, SHA-256 510b6b76baaa6971ca7d1695197e978b20195cb321a2622236363a425ea0c54a.

Full text

ST. LOUIS –A woman from Florissant, Missouri was sentenced to a year in prison for fraudulently obtaining two pandemic-era loans totaling more than $101,000.
U.S. District Judge Ronnie L. White also ordered Lakenya M. Hobbs, 40, to repay $101,567 to the Small Business Administration.
Hobbs defrauded the Paycheck Protection Program, which provided forgivable loans to small businesses to help them save jobs during the pandemic. On March 12, 2021, she submitted a loan application containing false and fraudulent information that resulted in the issuance of a $81,223 loan. Hobbs did not use the money to save jobs but instead at electronic stores and restaurants and for airfare. She also took some out in cash. On Oct. 1, 2021, she successfully applied for loan forgiveness, falsely claiming she’d used the PPP money for payroll.
On May 27, 2021, Hobbs submitted a fraudulent loan application to a different banking institution and received a $20,344 loan. She was also granted forgiveness for this loan.
Hobbs pleaded guilty in November to one count of bank fraud and one count of wire fraud.
The case was investigated by the FBI.  Assistant U.S. Attorney Jonathan Clow is prosecuting the case.

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2023-03-21_florissant-woman-sentenced-to-a-year-in-prison-must-repay-101-000-for-pa_7619057a.md.txt
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510b6b76baaa6971ca7d1695197e978b20195cb321a2622236363a425ea0c54a
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2023-03-21_florissant-woman-sentenced-to-a-year-in-prison-must-repay-101-000-for-pa_7619057a.md.txt
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www.justice.gov
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