Guilty Verdict Read in Massive $35M Fraud Scheme
(InformingNews.com) – The COVID-19 pandemic has hit many businesses hard. Lockdowns left some smaller operations fighting to keep their doors open. In an attempt to help them survive, the federal government disbursed funding through the Paycheck Protection Program (PPP). Unfortunately, two Florida men decided to take unfair advantage of the situation. On December 14, James Stote and Phillip Augustin pleaded guilty to conspiracy to commit wire fraud charges. Prosecutors say the two men took funds …