PPP loan fraud

The owners of three purported Georgia-based trucking companies are facing wire fraud and theft of government property charges after prosecutors claim Curtis and Dereen Porch set up shell companies to obtain $364,200 in PPP funds.

Prosecutors allege Oumar Sissoko, 59, of Temecula, California, who claimed to own a pothole repair company called Road Doctor California LLC, spent hundreds of thousands of dollars on luxury items after receiving $7.25 million in PPP loan funds.

Hubert Ivan Ugarte pleaded guilty to bribing a FedEx Ground manager in a pay-to-play scheme, and to defrauding the PPP loan program.