Federal Tipoffs Involving Maine Newsletter for Sunday June 02, 2024 ( 1 items ) |
Maine U.S. Attorney: Norway Man Sentenced to 2 Years for PPP Loan Fraud
PORTLAND, Maine, June 1 -- The office of the U.S. Attorney for the District of Maine issued the following news release on May 31, 2024:
A Norway man was sentenced today in U.S. District Court in Portland for filing fraudulent applications for loans from the Paycheck Protection Program (PPP).
U.S. District Judge Nancy Torresen sentenced Merton Weed Jr., 52, to 24 months imprisonment followed by three years of supervised release. He was also ordered to pay restitution in the amount of $253,646.
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