Fri, March 29th 2024 at 7:52 PMThree Tooele residents accused of running a Paycheck Protection Program loan fraud ring appeared in court after being arrested.
The indictment, returned by a grand jury on Feb. 28, alleges that the trio operated the fraud ring from July 2020 to January 2022.Court documents reveal that Mehlbauer, Lopez, and Bolton fraudulently applied for at least 10 PPP loan applications and five PPP loan forgiveness applications, attempting to defraud lenders and the Small Business Administration of approximately $422,242.50.
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