A dual resident of New York and Florida has been changed with fraudulently obtaining and laundering nearly $4 million in funds from the COVID-19 relief Paycheck Protection Program (PPP), according to prosecutors.
Gregory J. Blotnick, 34, of New York City and West Palm Beach, is accused of fraudulently obtaining more than $3.8 million in federal COVID-19 PPP funds on the basis of eight falsified loan applications, the Department of Justice (DOJ) said in a May 6 release. The forgivable PPP loans, enacted as part of the CARES Act, were meant to help small businesses weather the impact of the pandemic recession.
