Ppp Loan Arrests 2024. Countless arrests have been made regarding outstanding ppp loans and unemployment cases. All are being charged with wire fraud and bank fraud in a treasury check.
That hunt has been driven by a very public — but incomplete — database of ppp loans, posted by the u.s. According to the indictment, the defendants, led by michael hill and andrew moran, are alleged to have executed a scheme to defraud lenders and the small business.