ST. LOUIS, Mo. (KMOV) – A Florissant girl pleaded responsible to expenses that she stole greater than $100,000 in PPP loans.
Lakenya Hobbs, 40, pleaded responsible Monday to 1 rely of financial institution fraud and wire fraud. Prosecutors say she crammed out an utility for a PPP mortgage in March 2021 and obtained $81,223. The cash didn’t go in direction of enterprise payroll because it was supposed however was used at eating places, digital shops and for airfare. Hobbs additionally took out a number of the cash in money. In October 2021, she utilized for mortgage forgiveness and obtained it, saying on the appliance the cash was for payroll.
Hobbs additionally utilized for a $20,344 mortgage in Might 2021. Prosecutors say she inflated her gross revenue on the appliance and later received the mortgage forgiven.
Hobbs is scheduled to be sentenced on Feb 22 and will withstand 30 years in jail.
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