L. A. — A Santa Clarita man pleaded responsible Tuesday to a federal fraudulence cost for getting $655,000 in income shelter regimen financing by publishing phony income tax papers and employee ideas.
Raymond Magana, 39, pleaded accountable, via Zoom, to just one number of fraudulence regarding the major catastrophe or emergency advantages, in accordance with the U.S. attorneys’s company.
U.S. District Judge Stanley Blumenfeld Jr. arranged a might 11 sentencing hearing in la federal judge.
Magana admitted to utilizing fraudulence to get $655,000 in PPP financing.
Last month, co-defendant Steven R. Goldstein, 36, of Northridge, pleaded guilty to the exact same charge. Blumenfeld scheduled a March 30 sentencing hearing for Goldstein.
Prosecutors say the defendants sent applications for over five individual PPP business loans totaling significantly more than $2.5 million from different banking companies.
The PPP loan program premiered at the outset of the COVID-19 pandemic and was made permitting business owners to help keep staff members to their payroll.
Obtain the latest development delivered each day!
Previous Rams practise team RB Otis Anderson Jr. try and killed
LA County Sheriff’s division shuns COVID-19 assessment provider over Asia links
Sentencing put for group associate which shot two Whittier officers, killing one, after killing another people
Jacqueline Avant, partner of Rock & Roll hall-of-famer, murdered in Beverly Hills homes attack
Lancaster lady found guilty in 1997 slaying of date
Lancaster father charged with killing his 4 small children, mother-in-law
William S. Hart School District exploring punches thrown that stopped Valencia and Saugus guys baseball online game
Angels GM Perry Minasian believes he added influence with 4 pitchers finalized before lockout
Panorama urban area people accused of tasing policeman at Capitol riot wants confession tossed
Girl walks onto LAX tarmac, tries to lessen jet from departing after missing out on their boarding
Urban Area Information Solution
Join the talk
We invite you to utilize our very own commenting program to engage in insightful conversations about issues inside our area. Although we do not pre-screen remarks, we reserve the best all of the time to take out any information or ingredients being unlawful, harmful, abusive, libelous, defamatory, obscene, vulgar, adult, profane, indecent or otherwise objectionable to united states, and also to reveal any ideas important to match the legislation, rules, or authorities consult. We would forever stop any individual just who abuses these problems.
I’ve had these types of an amazing skills working together with every person at Shamrock. With another kids along the way, the pressure ended up being onto have our personal homes. Shamrock made me feel just like it absolutely was as much of a top priority for them as it were to me. They kept myself upgraded making certain I experienced good knowledge of every step associated with process. I’m very passionate attain our selves and our young girls into their own house! Thank you so much a whole lot to make this type of a challenging processes a great experience!
Aubrey from Cranston, RI
Shamrock mortgages comes with the best, more responsive employees You will find ever managed. Every person just who attained out over myself got precise about what they necessary together with anything recorded early, cleaning me a couple of weeks ahead of time. They’d my personal back every step associated with the ways and constantly responded questions I had. If you’re a first and initial time home buyer or are looking to become approved for another household, this is basically the put you wish to utilize since they makes what you want happen!
Dealing with Shamrock Home Loans has become an unbelievable experience for us. Right from the start of our property processes towards the conclusion was such a breeze. Everyone is experienced, courteous, as well as their response time for you to any questions I inquired is remarkable. We recommend them to everybody! In addition are employed in the insurance coverage markets and each and every visitors of mine which has made use of Shamrock’s service always have had an excellent knowledge!
When anybody spoke for me, they addressed me personally very nearly as a friend. We considered excessively comfy inquiring any matter I had. I was anxious initially since I have dismal credit, even so they checked in on me each step in the method. They actually recalled certain things taking place in my own personal life. Actually, I can’t state adequate just how delighted Im. Thank you so much!
AMAZING business! I’ve utilized Shamrock for both a house finishing and a refinance, and both days I sensed the dreadful fat of a home finishing entirely lifted down my personal arms. The employees is incredibly effective, experienced and satisfying to partner with. The team makes the whole techniques from 24 hour installment loans Waynesboro VA begin to stop so smooth, and can’t wait to work well with them once more. Strongly recommend, 5+ stars!