Baltimore County businessman sentenced to prison for $1.3M PPP loan fraud

BALTIMORE, MD—A Baltimore County businessman has been sentenced to a year and a day in federal prison after pleading guilty to fraudulently obtaining more than $1.3 million in Paycheck Protection Program loans, authorities say. David Epstein, 46, of Owings Mills, submitted fraudulent loan applications for his business, PEI Staffing, a temporary staffing company, through the CARES Act, according to the […]

Baltimore County businessman pleads guilty to fraudulently obtaining over $1.3 million in COVID-19 CARES Act loans

BALTIMORE, MD—A Baltimore County businessman has admitted to using more than $1.3 million in Paycheck Protection Program loans to purchase a Mercedes-Benz and make extensive home renovations, federal authorities announced. David Epstein, 46, of Owings Mills, pleaded guilty to one count of wire fraud after submitting fraudulent CARES Act loan applications, according to the U.S. Attorney’s Office in Maryland. The […]