Suburban Chicago Businessman Convicted for Role in Bank Fraud and PPP …

A federal jury convicted an Illinois businessman yesterday for his role in schemes to fraudulently obtain over $55 million in commercial loans and lines of credit and for submitting fraudulent applications to obtain COVID-19 relief money guaranteed by the U.S. Small Business Administration (SBA) through the Paycheck Protection Program (PPP).

https://www.sba.gov/article/2025/07/02/suburban-chicago-businessman-convicted-role-bank-fraud-ppp-fraud-schemes