Winfield woman order to pay over $80K in restitution for PPP fraud

ABC 57

SOOUTH BEND, Ind. -- The United States Attorney’s Office Northern District of Indiana announced 29-year-old Jade Price was sentenced after pleading guilty to Wire Fraud.

Price was sentenced to one year of probation and ordered to pay $80,355.18 in restitution to the Small Business Administration.

Case documents states Price falsely claimed gross income for a business when she applied for four Paycheck Protection Program loans.

The PPP program provided loans to small businesses for job retention and other expenses as part the CARES Act and for emergency financial assistance to Americans suffering from the economic impact of the COVID-19 pandemic.

Due to her fraudulent representations, Price received PPP funds which she used for her own benefit on personal items.

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