By KC Reporter |
Apr 23, 2024
A Deepwater, Mo., man, Brian Ruth, Sr., has been sentenced to nine years in federal prison without parole for fraudulently obtaining over $500,000 in Paycheck Protection Program (PPP) loans under the CARES Act. U.S. District Judge Roseann Ketchmark handed down the sentence, along with a $15,000 fine, $522,765 in restitution to the Small Business Administration, and a forfeiture of $336,000. Ruth was immediately taken into custody following the hearing.Ruth admitted to his crimes, stating, "I applied online in May and June 2020, and received three PPP loans totaling...