A Tulsa man who fraudulently applied for Paycheck Protection Program forgivable loans guaranteed by the Small Business Administration under the Coronavirus Aid, Relief, and Economic Security (CARES) Act was sentenced today in federal court, announced Acting U.S. Attorney Clint Johnson.
U.S. District Judge Claire V. Eagan sentenced Ibanga Etuk, 41, to a total of four years in federal prison— two years for bank fraud and two years for aggravated identity theft. Judge Eagan also ordered Etuk to pay $168,000 in restitution to Chickasaw Community Bank.
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