This loan was approved on 2/19/2021 and has been fully dispersed.
The Mcclatchy Co LLC
2100 Q St 2100 Q St Sacramento, CA 95816-6816
The Mcclatchy Co LLC is a Newspaper Publishers Limited Liability Company(LLC) located at 2100 Q St 2100 Q St Sacramento, CA 95816-6816 with 500 employees.
During round 1 of the paycheck protection program, The Mcclatchy Co LLC requested a PPP loan for $10,000,000.00. They were approved on 2/19/2021 by the SBA for an amount of $10,000,000.00. The loan was facillitated by Pnc Bank, National Association. Of the approved amount, The Mcclatchy Co LLC has received 100% of the approved amount.
No related loans found.
The United States Attorney for the Southern District of New York, Audrey Strauss, announced today that MUGE MA, a Chinese national who lived in New York, New York, pled guilty in connection with a fraudulent scheme to obtain over $20 million in Government-guaranteed loans designed to help small businesses during the novel coronavirus/COVID-19 pandemic. MA falsely represented to the U.S. Small Business Administration (“SBA”) and at least five financial institutions that his companies, New York International Capital LLC (“NYIC”) and Hurley Human Resources LLC (“Hurley”), had hundreds of employees in connection with loan applications for relief available from the Paycheck Protection Program (“PPP”) and the Economic Injury Disaster Loan (“EIDL”) Program. MA was arrested on May 21, 2020, and has been jailed since that time. He plead guilty today in front of United States District Judge Richard M. Berman and is set to be sentenced on September 22, 2021, at 11:00 a.m.
According to court papers, a guy from Brooklyn acknowledged to collaborating with another individual from Saugerties to receive more than $5.6 million in false loans through the United States government's pandemic assistance program.
A Cattaraugus County man with prior felony fraud convictions and an Oklahoma woman have been charged with bank fraud and other crimes in connection with what federal prosecutors describe as an illegal scheme to obtain nearly $1 million through the federal government's Covid-19 relief Paycheck Protection Program.