Maud man gets prison time for COVID-relief fraud

    A Maud, Texas, man was sentenced to more than 5 years in prison for COVID-relief fraud.

    35-year-old Samuel Yates pleaded guilty May 6 to wire fraud and was ordered to pay more than $1 million in restitution in addition to the prison sentence. 

    Yates submitted fraudulent applications through two different lenders through the Paycheck Protection Plan, citing on both applications that he needed $5 million and $2 million respectively for hundreds of employees that he didn’t actually have.  Yates apparently used an online name generator to create false identities in addition to forging tax documentation.

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