In an alleged Motor City money grab, a local man is accused of swiping funds from the federal Payroll Protection Program (PPP) -- which is meant to help keep small businesses afloat amid the coronavirus shutdowns -- to buy two Cadillacs, a Dodge Charger and a Hummer, according to federal prosecutors.
“The Paycheck Protection Program is designed as a lifeline to businesses struggling to survive this current crisis,” FBI Special Agent in Charge Steven M. D’Antuono said. “Instead of using these loans to salvage a legitimate business, the defendant allegedly bought expensive personal items for himself and his family.”
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