WASHINGTON, Oct. 9 -- The U.S. Department of Justice's U.S. Attorney's office for XXXXXX (insert district) issued the following press release:
CHICAGO - A California businessman has been sentenced to three and a half years in federal prison for fraudulently obtaining more than $14 million in small business loans under the Coronavirus Aid, Relief, and Economic Security ("CARES") Act.
DARREN CARLYLE SADLER participated in a scheme to fraudulently obtain loans pursuant to thePaycheck Protection Program ("PPP"), which was created by the CARES Act to provide financial relief for small businesses during the Covid-19 pandemic. In 2020, Sadler submitted and caused the submission of at least 63 PPP loan applications for himself and his clients. Th...