Michigan Man Sentenced to Prison for $2.3 Million COVID-19 Loan Fraud
Jabari Long, a 46-year-old Michigan resident, has been sentenced to two years in federal prison for orchestrating a $2.3 million COVID-19 relief loan fraud. Long admitted to using his company, Priceless Preservations Construction, to secure a $2,187,000 Paycheck Protection Program loan and a $150,000 Economic Injury Disaster Loan by falsifying employee counts and payroll data. He used a portion of the funds to purchase a home in Beverly Hills, Michigan. The court ordered him to pay $2,187,500 in restitution and serve three years of supervised release.
Summaries are written by AI from the original article. Not investment advice.