A man from Omaha has been charged with bank fraud in connection with a loan application to the Paycheck Protection Program for COVID-19 relief.
MA Yah’s case is considered the first of its kind in Nebraska.
According to the indictment, Yah was the director of The Heartland News, a non-profit newspaper focused on working with the homeless that dissolved in 2019.
The company was re-established in March 2020, after paying its biennial membership fee to the Secretary of State.
In court records, U.S. Assistant Attorney Sean Lynch said in April 2020, Yah requested a $ 100,800 PPP loan to support the newspaper’s payroll and submitted a fraudulent claim that overestimated the number of employees and the payroll. of the previous year.
On May 6, 2020, $ 100,800 of PPP funds were deposited into the newspaper’s account at a bank in Omaha.
In a press release, Acting United States Attorney Jan Sharp said Yah, who will appear in court next month for the allegation, could face up to 30 years in prison, a fine of a million dollars and five years on probation.
In May, the United States Attorney General established the COVID-19 Anti-Fraud Task Force to mobilize Department of Justice resources in partnership with government agencies to strengthen control and prevention efforts pandemic fraud.