Tennessee
Tennessee Man Admits Using Federal COVID-19 Aid for Himself
CHATTANOOGA, Tenn. (AP) — A Tennessee man has pleaded responsible to receiving greater than $600,000 in COVID-19 help and utilizing it for himself, a federal prosecutor’s workplace mentioned.
George Thacker, 59, of Spring Metropolis, pleaded responsible to wire fraud on Thursday, in accordance with the U.S. lawyer’s workplace for the Jap District of Tennessee.
Thacker utilized for and obtained over $600,000 in paycheck safety program and financial harm catastrophe mortgage proceeds, the prosecutor’s workplace mentioned in a information launch.
Thacker licensed that he would use the funds to pay workers and for different working bills however as an alternative used the cash for himself, shopping for cryptocurrency and funding private funding accounts, the discharge mentioned.
He’s to be sentenced Sept. 22 and faces as much as 20 years in jail and $250,000 in fines.
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