Knoxville Man Pleads Guilty to Fraud and Money Laundering for PPP Loans

A Knoxville man has pled guilty to a count of wire fraud and money laundering in a federal case about a scheme t defraud the Small Business Administration’s Covid-19 Economic Relief Programs.

 

James Waylon Howell, faces imprisonment of up to 20 years, a fine of up to $250,000, and a term of supervised release of up to three years.

 

Howell was caught filing four loans for over $150,000 from the federal government in which he submitted fake applications under the names of companies that didn’t qualify for the funds.

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