A Champlin man has pleaded guilty to fraud and money laundering conspiracy as part of a PPP scheme. The U.S. Attorney’s office for the Northern District of Iowa said that 56-year-old Donald Trosin conspired to defraud and launder over one-million dollars in illegally obtained Paycheck Protection Program and Economic Injury Disaster Loans funds. Trosin and another person submitted false business applications to the program while also wiring the money through banks in Minnesota and Iowa. Trosin faces up to 20 years in prison, five-million dollars in fines, and three years of supervised release.
Champlin Man Pleads Guilty To PPP Fraud Scheme
By Ashley Hanley|2021-02-17T06:26:52-06:00February 17th, 2021|