A Georgia woman who once ran for mayor of Conyers is facing federal charges over a Paycheck Protection Program loan, according to the U.S. Attorney’s office.
Olivia, 61, of Oxford, Georgia, was arraigned on federal bank fraud and money laundering charges, CBS 46 reported. Prosecutors say she was the chief executive of a Georgia company that did not pay wages to any employees.
According to prosecutors, she submitted a false application to a bank for a PPP loan and also submitted tax documents claiming the company had 54 employees paid hundreds of thousands of dollars in salary. Prosecutors say she received about $323,000 and spent it on an in ground swimming pool, furniture and other home upgrades, and used some of it to pay down her mortgage principal.
“Authorities continue to examine Paycheck Protection Program loans for acts of fraud, as the charges in this case demonstrate,” said Acting U.S. Attorney Kurt R. Erskine.
The charges are allegations, and she is presumed innocent unless proven guilty. Her response to the charges was not included in the reports we reviewed.
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