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Founder of Lender Service Provider Convicted for Role in Multimillion-Dollar PPP Fraud Scheme
June 23, 2025
WASHINGTON, June 23 -- The U.S. Department of Justice issued the following news release:

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

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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 Admini . . .

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