In a news release, the Acting U.S. Attorney for Nebraska says 42-year old Tamika Cross, 44-year old Ronnie Cross, and 51 year old Davida Anderson were “each engaged in a scheme to defraud lenders in the Paycheck Protection Program."
The indictment handed up Wednesday accuses the three of receiving about $489,000 in PPP loans.
The charges are wire fraud, conspiracy to commit wire fraud, and money laundering.
If convicted, each faces maximum penalties of 20 years in prison, a $250,000 fine plus $100 for a special assessment, and three years of supervised release.
There is no parole in the Federal Bureau of Prisons.
(Picture from Getty Images)