KNOXVILLE, Tenn. – On February 24, 2022, Porsha Tims Bush, 42, formerly of Knoxville, Tennessee, was sentenced to 57 months in prison by the Honorable Katherine A. Crytzer, in the United States District Court for the Eastern District of Tennessee at Knoxville.
Bush pleaded guilty to engaging in more than $540,000 in fraud related to the Coronavirus Aid, Relief, and Economic Security (“CARES”) Act, in violation of Title 18 U.S.C. § 1343. Judge Crytzer ordered her to pay restitution in the amount of $471,621, a fine of $25,000, and to complete a term of supervised release of three years following her release from prison.
The CARES Act is a federal law enacted in March 2020 to provide emergency financial assistance to the millions of Americans who are suffering from the economic effects caused by the COVID-19 pandemic. Two primary sources of relief provided by the CARES Act were the Paycheck Protection Program (“PPP”) and the Economic Injury Disaster Loan (“EIDL”) program. PPP loans consisted of more than $640 billion in forgivable loans to small businesses for payroll, mortgage interest, rent, and utilities. The EIDL program provided low-interest loans to business owners to pay for items like accounts payable and other bills that could not be paid as a result of COVID-19.
As set forth in the written plea agreement filed with the court, from March 30, 2020, to around the end of June 2020, Bush fraudulently applied for 10 loans totaling $547,286 through the PPP and EDIL...
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