WASHINGTON, Aug. 19 -- The U.S. Department of Justice's U.S. Attorney's office for XXXXXX (insert district) issued the following press release:
PHOENIX, Ariz. - A Phoenix man who received over $1 million in Paycheck Protection Program (PPP) loans by submitting fraudulent applications was sentenced yesterday by United States District Judge Sharad H. Desai to 15 months in prison, followed by three years of supervised release. Jamar Johnson, 54, previously pleaded guilty to Wire Fraud.
Johnson admitted that he submitted false applications in order to obtain PPP loans on behalf of his entity, CBL Worldwide II. For example, in one of the applications, Johnson stated that the company had 73 employees and over $4.8 million in annual payroll expe...