Santa Clarita guy pleads responsible to scam in $655,000 COVID-19 financial help plan

L . A . — A Santa Clarita guy pleaded bad Tuesday to a federal scam fee for obtaining $655,000 in Paycheck coverage regimen financing by publishing fake tax records and personnel details.

Raymond Magana, 39, pleaded accountable, via Zoom, to an individual number of scam regarding the major tragedy or crisis advantages, in accordance with the U.S. lawyer’s Office.

U.S. area Judge Stanley Blumenfeld Jr. set a might 11 sentencing hearing in Los Angeles national legal.

Magana accepted to making use of scam to get $655,000 in PPP debts.

Finally month, co-defendant CO pawn store laws Steven R. Goldstein, 36, of Northridge, pleaded accountable toward exact same cost. Blumenfeld arranged a March 30 sentencing hearing for Goldstein.

Prosecutors state the defendants requested more than five different PPP business loans totaling over $2.5 million from different banking institutions.

The PPP loan plan was released at the start of the COVID-19 pandemic and was designed allowing business owners to help keep people on the payroll.

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