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BOSTON – A Massachusetts businesswoman pleaded guilty today to submitting fraudulent loan apps seeking COVID-19 relief.
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A report Thursday confirmed the U.S. overall economy’s development in the final 3 months of past yr was more robust than previously believed. Another explained much less U.S. employees utilized for unemployment benefits previous 7 days, the latest sign of the good career marketplace.
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Right after getting the loans, Masaschi and Norman allegedly created some or no payments and in the long run defaulted over the loans, creating significant losses on the money institutions and industrial lenders.