The United States Department of Justice revealed 18 people in federal indictment, and they are charged with conspiracy to commit wire fraud, and this includes Mighty Morphin Power Rangers star Austin St. John.
St. John, whose real name is Jason Lawrence Geiger, is best known to most fans for playing the role of Jason Lee Scott, the original Mighty Morphin Red Ranger. Take note, the 18 people who are listed have either been arrested or summoned for appearance before a federal magistrate judge.
According to the indictment, they are part of a scheme to defraud lenders and the Small Business Administration's Paycheck Protection Program (PPP). Said to be led by Michael Hill, he allegedly recruited others to use an existing business or create a business to submit applications to obtain PPP funding. Once enlisted, one of the co-conspirators, Andrew Charles Moran helped them with the application of paperwork, including fabricating supporting documentation, and submitting said application via online portals. On said applications, the defendants are alleged to have misrepresented material information such as the true nature of their business and the like.
Once they obtain said funding, instead of using it for its intended use, they will use it to typically pay Hill and Moran, and transferred money to their personal accounts, and spend said funds on various personal purchases or other activities such as purported investment in foreign exchange markets. In total, the defendants have alleged to have fraudulently obtained at least 16 loans and at least US$ 3.5 million. If convicted, the defendants each face up to 20 years in federal prison.
[via ComicBook.com]
According to the indictment, they are part of a scheme to defraud lenders and the Small Business Administration's Paycheck Protection Program (PPP). Said to be led by Michael Hill, he allegedly recruited others to use an existing business or create a business to submit applications to obtain PPP funding. Once enlisted, one of the co-conspirators, Andrew Charles Moran helped them with the application of paperwork, including fabricating supporting documentation, and submitting said application via online portals. On said applications, the defendants are alleged to have misrepresented material information such as the true nature of their business and the like.
Once they obtain said funding, instead of using it for its intended use, they will use it to typically pay Hill and Moran, and transferred money to their personal accounts, and spend said funds on various personal purchases or other activities such as purported investment in foreign exchange markets. In total, the defendants have alleged to have fraudulently obtained at least 16 loans and at least US$ 3.5 million. If convicted, the defendants each face up to 20 years in federal prison.
[via ComicBook.com]
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