ST. LOUIS, Mo. (KMOV) – The United States District Court Judge sentenced a man to 125 months in prison for bank fraud related to Payment Protection Program (PPP) loans.

Documents show Robert Williams, 58, submitted false information to receive funding from Midwest Regional Bank and PNC Bank. He received up to $2.7 million in federal loans provided through the CARES Act, which was a federal law that was enacted around March 2020 to provide financial assistance to people suffering from the economic impact caused by the COVID-19 pandemic.

Officials reported that Williams submitted approximately 30 different PPP loan applications with false information related to the ownership of a business and its payroll, including the number of employees and monthly payroll expenses, during the summer of 2020.

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