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Founder of Lender Service Pleads Guilty for Role in PPP Fraud Scheme
August 11, 2025
WASHINGTON, Aug. 11 -- The U.S. Department of Justice issued the following news release:

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Founder of Lender Service Pleads Guilty for Role in PPP Fraud Scheme

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A founder of the lender service provider Blueacorn pleaded guilty today in connection with a scheme to fraudulently obtain COVID-19 relief money guaranteed by the U.S. Small Business Administration (SBA) through the Paycheck Protection Program (PPP).

"During a na . . .

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