From the Justice Department:
A Georgia woman was sentenced today to 41 months in prison for her scheme to fraudulently obtain more than $7.9 million in Paycheck Protection Program (PPP) loans guaranteed by the Small Business Administration (SBA) under the Coronavirus Aid, Relief, and Economic Security (CARES) Act.
According to court documents, Hunter VanPelt, aka Ellen Corkrum, 49, of Roswell, pleaded guilty in August 2021 to bank fraud after submitting six fraudulent PPP loan applications to four different lenders on behalf of Georgia Nephrology Physician Associated, United Healthcare Group & Co., Nephrology Network Group LLC, First Corporate International, Corkrum Consolidated Inc., and Kiwi International Inc, entities she owned or controlled.
Through the loan applications, VanPelt sought more than $7.9 million and obtained over $6 million in PPP loan funds. According to court documents, VanPelt lied about the number of employees and payroll expenses in each of the six PPP loan applications.
To support the fraudulent PPP loan applications, VanPelt also submitted fraudulent tax records, bank statements, and payroll reports. VanPelt, who legally changed her name from Ellen Corkrum to Hunter VanPelt in July 2016, submitted three of the PPP loan applications using the name VanPelt and the other three PPP loan applications using the name Corkrum.
The Justice Department, working with law enforcement partners, seized and recovered approximately $2.1 million of the disbursed PPP funds in this matter. An additional $1.6 million of the disbursed PPP funds were seized by a bank and returned to the lender.