SBA freezes loans for 7,000 Minnesota borrowers
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"SBA is pausing annual funding to Minnesota while we investigate $430 million in suspected PPP fraud across the state," Kelly Loeffler said.
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Utah woman sentenced to prison for COVID-19 loan fraud
The sentence comes after Mehlbaurer pleaded guilty on Sept. 24, 2025, to wire fraud and money laundering. Lopez was sentenced to time served. According to court documents, Mehlbauer and Lopez allegedly ran a Paycheck Protection Program loan fraud ring from July 2020 to Jan. 2022.