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Money Laundering in Marshall, DeSoto County
MEMPHIS, Tenn. (WREG)– Fourteen people in Marshall County and DeSoto County were arrested Wednesday for allegedly conspiring to fraudulently obtain funds through the Payroll Protection Program of the U.S. Small Business Administration, the U.S. Department of Justice announced.
The funds were intended to protect employees of endangered businesses during the Coronavirus pandemic.
According to court documents, the following people were charged with conspiracy to commit wire fraud and wire fraud by fraudulently applying for PPP loans along with participating in wire transfers over $10,000 involving proceeds of a fraud scheme: