TBA Law Blog


Posted by: Kate Prince on Oct 20, 2020

Three people with Better Days Tax Service in Memphis have been charged with wire fraud and conspiracy to defraud the U.S. after allegedly fraudulently obtaining $1.1 million from COVID-19-related economic injury disaster loans, the Daily Memphian reports. U.S. Attorney for the Western District of Tennessee D. Michael Dunavant announced the charges today, accusing the defendants of filing 401 fraudulent applications for Economic Injury Disaster Loans for people impacted by the pandemic. The approved loans netted approximately $1.1 million. If convicted, each defendant faces up to 30 years in federal prison.