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

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Press Release: U.S. Attorney’s Office, District of Maryland

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 (SBA) through the Paycheck Protection Program (PPP).

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