Winfield Woman Ordered to Repay Funds from PPP Loan Fraud
SOUTH BEND – Jade Price, 29 years old, of Winfield, Indiana, was sentenced by United States District Court Judge Damon R. Leichty after pleading guilty to wire fraud, announced Acting United States Attorney M. Scott Proctor. Price was sentenced to 12 months of probation and ordered to pay $80,355.18 in restitution to the Small Business Administration. According to documents in the case, Price falsely claimed gross income for a business when she applied for four Paycheck Protection Program (PPP) loans. The PPP program provided loans to small businesses for job retention and other expenses as part the CARES Act and
