A federal judge has sentenced a former Phoenix police officer to 15 months in prison for a PPP loan fraud case. abc15
Toni Richardson submitted a false application for Paycheck Protection Program loan money.
In addition to time behind bars, Richardson was ordered by a judge on Monday to pay more than $1 million in restitution to the U.S. Small Business Administration. In total, Richardson and another person obtained $1,276,500 in PPP money for their business, but allegedly used the money for personal expenses and transferred the money to personal banking accounts, court documents stated.
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