The owner of a trucking company allegedly misused Payroll Protection Program (PPP) loans. He wasn’t supposed to get the loans at all since he allegedly obtained them by making false statements on his applications as well as hiding a previous felony charge and an ongoing federal indictment against him.
Hubert Ugarte owns Frisbu Trucking Inc. out of Salt Lake City. Both he and the controller of the company were arrested on June 25th and charged with conspiracy, removal of property to prevent seizure, loan application fraud, wire fraud, and money laundering.
According to the Justice Department, a maximum sentence on all counts could see them both facing up to 65 years in prison. The controller of the company, Lisa Rowberry, is already out of bail.
Frisbu Trucking received a $210,000 loan through the PPP. Under the terms of the loan, at least 75% was supposed to be used to pay employees. Instead, Ugarte used more than half to make payments on leased trucks and truck parts.
All of this occurred while Ugarte was under indictment for a totally separate case where he allegedly bribed FedEx employees as part of a “pay-to-play” scheme worth $280 million.
Source: DOJ, ttnews, freightwaves, freightwaves
I’m surprised he didn’t have a Russian or Eastern European name … actually that probably is one , or maybe he’s a lamp shade … probably!
It’s hilarious how the thieves are upset by other thieves
They must of pissed off a mormon official. These people all over the country that got these loans and checks.that didnt need them. while others that needed them didnt. if you didnt file taxes from previous year.you didnt get one. I spent a year recovering from spine surgery. so ,i didnt get one. My neighbor never stopped working.Makes 72,500 a year. got one.. with that being salt lake.mormons are like the mob. that amount of money is a drop in the bucket.
Why do you try to cast aspersions on any church when you already know they weren’t involved? Sounds like you pissed in your own Wheaties
TF are you talking about?
I sa to the SBA, Keep up the good work and get those who make America look like a bummer alley by stealing from a true American the contributes to the economy.
Personally, I am affected directly per this virus, in fact, I had payed the Port fee of $200 to enter with my truck that I had to argue, Self – Represent and defend what I truthfully, with the sweat of my forehead purchased from a Motor Carrier complaining that we are violating rates, routes and services of the Ports.
I am affected per the virus because almost everything is closed, yet the Motor Carriers violate Truck Drivers rates, routes, services and unalienable rights – life, liberty and the pursuit of happiness by forcing the driver to be an independent contractor w/out a Contractors License, health insurance, and the benefits an American worker earns when working for the US economy.
Therefore, I am going to hire a person to perform sergury or deliver a baby w/out a doctor’s license.
Does it make sense.
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