'Cringe' Ex-Rapper Turned Crypto Bro Gets Dinged with Federal Fraud Charges

A former Soundcloud rapper who claims he's collaborated with Young Jeezy and Chamillionaire can now add"federal court" to his list of live appearances.

Corona's charges stem from loans he obtained through the Paycheck Protection Program , an emergency federal loan system implemented by the Small Business Administration to help people who lost their jobs during the pandemic. Corona obtained $413,804 in PPP loans through two third-party lenders using alleged false information about HODL's payroll data. He claimed on application forms that his company spent $82,760.55 on payroll expenses for a staff of nine employees.

Law Law Latest News, Law Law Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Warren, Marshall introduce bill to tighten money laundering rules for cryptoIf made law, the bill would require digital asset service providers, miners, and network participants to follow know-your-customer rules and prohibit the traditional financial system from interacting with transaction mixers. Correction: bill to strengthen the position of banks and centralized entities like ftx Stage one... set up FTX to get campaign donations. Stage two... make it a shit show to set up .... Stage three. This shit.
Source: TheBlock__ - 🏆 464. / 53 Read more »