A Mississippi-based freight trucking company and its owner made false statements to the US government to receive a Paycheck Protection Program loan to which it wasn’t entitled, according to the government’s complaint filed Friday.
Congress enacted the PPP in March 2020 to provide emergency financial support to those suffering the economic effects caused by the Covid-19 pandemic.
Bailey’s Trucking LLC and Xavier Bailey received a $143,738 loan because of a misrepresentation about payroll costs in a loan application, which was used to calculate the loan amount, the government told the US District Court for the Northern District of Mississippi.
The ...