LaGrange woman receives more than $1.5 million in prison sentence COVID-19 relief fraud

After being found guilty of bank fraud in connection with the misappropriation of over $1.5 million in COVID-19 Paycheck Protection Programme (PPP) Loan money, a LaGrange woman was sentenced to federal prison.

In accordance with court records, Pamela Denise Williams, 53, was sentenced on January 18 by a federal judge to two years and nine months in prison as well as five years of supervised release.

Williams allegedly submitted a fake application for a PPP loan on May 21, 2021, to a credit union in Chambers County, according to her plea bargain and other criminal records, according to officials. Because of the facts she gave, she was able to get a bigger loan.

The defendant acknowledged in her plea deal that she had “knowingly and fraudulently” exaggerated the revenue of her company. Williams also said the money will be used for authorized expenses like payroll, but he acknowledged utilizing the money for unlawful activities.

In addition to Williams’s prison term, the judge mandated that she forfeit $121,000 and pay a fine of $15,000. Williams’ fraud, according to court investigators, topped $1.5 million.

In the upcoming months, the defendant will have a hearing to establish the exact amount of restitution required.

The Coronavirus Aid Relief and Economic Security Act authorized PPP loan funds to give Americans who experienced economic hardship due to the COVID-19 epidemic emergency financial aid.

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