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Officials: Virginia man took Vegas trip with $350K PPP loan

NORFOLK, Va (AP) — A Virginia man who authorities say used a fraudulently obtained $350,000 Paycheck Protection Program loan for personal expenses has pleaded guilty to bank fraud.

The U.S. Attorney’s Office for the Eastern District of Virginia said in a statement Scott Suber entered the plea in federal court Wednesday.

Court documents say Suber’s application for the loan fabricated the number of employees at his Virginia Beach-based business.

The statement says he also fabricated how much he had to pay in wages at Debris or Not Debris Property Preservation.

Prosecutors say he took a trip to Las Vegas after he got the money.

Suber could face up to 30 years in prison when he’s sentenced next year.

Completing the FAFSA: Everything you should know

Filling out the Free Application for Federal Student Aid, or FAFSA, which opens by Dec. 31, is one of the most important steps students and their families can take to pay for college. Some states now make completing the FAFSA a high school graduation requirement. The U.S. Department of Education awarded about $111.6 billion in federal grants, loans and work-study funds in fiscal year 2022, according to the most recent Federal Student Aid annual report. Those federal funds will assist roughly 9.8 million students in completing their education.
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