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Oakland woman receives three a long time in federal prison for $1.1 million PPP fraud plan

OAKLAND — A 32-yr-aged female was sentenced to three several years in jail for requesting $4.6 million in fraudulent coronavirus protection loans, of which she acquired more than $1.1 million, prosecutors declared Thursday.

Christina Load, of Oakland, pleaded responsible past calendar year to financial institution fraud in the plan. U.S. District Judge Yvonne Gonzalez Rogers gave Burden 3 far more months than what prosecutors ended up asking and requested her to shell out again the $1.1 million.

In a sentencing memo, prosecutors described Load as a “serial liar” who submitted pretend financial institution experiences and payroll tax sheets guiding her created-up claim to have a company that had 89 workforce and pulled in $700,000 for every year.

“She even lied on her resume to get the 6-figure-wage occupation she had up right until becoming billed in this case, telling Verily Lifestyle Sciences that she experienced an MBA from Stanford and a B.S. from Spelman College, inspite of the point that she hardly ever attended either establishment and does not have a college diploma,” assistant U.S. Attorney Abraham Fantastic wrote in a sentencing memo.

She spent the funds on personal jet journey, luxury purchases from Neiman Marcus and other higher-close outlets, boat and vehicle rentals to the tune of $16,000 and $150,000 in autos, amongst other bills, prosecutors mentioned.

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