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WI Man Facing Prison Time for PPP Scam

WI Man Facing Prison Time for PPP Scam

A Pewaukee man is likely facing prison time for scamming the government out of one-million-dollars in PPP money.

Thomas Smith pleaded guilty this week to one count of bank fraud. Investigators say Smith was part of a group that applied for one-point-two-million-dollars in Paycheck Protection loans based on inflated payroll numbers for eight different companies. Four others are charged as part of the same scheme. Smith is due to be sentenced in June.

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