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Founder of Lender Service Provider Convicted for Role in Multimillion-Dollar PPP Fraud Scheme

Federal Reserve

2025-06-25 14:00

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A federal jury convicted Stephanie Hockridge, a founder of the lender service provider Blueacorn, on Friday in connection with a scheme to fraudulently obtain tens of millions of dollars in COVID-19 relief money guaranteed by the U.S. Small Business Administration through the Paycheck Protection Program.

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