A former TV news anchor was convicted of fraudulently obtaining COVID-19 relief funds for small businesses through the Paycheck Protection Program.
Stephanie Hockridge, 42, a co-founder of the Scottsdale-based lender service provider Blueacorn and a former anchor at the Phoenix ABC affiliate KNXV-TV, was found guilty on Friday by a federal jury in connection with a scheme to fraudulently obtain tens of millions of dollars in PPP loans, according to the Department of Justice.
She was convicted of conspiracy to commit wire fraud and acquitted of four counts of wire fraud, and faces a prison sentence of up to 20 years. Her sentencing hearing is on Oct. 10.
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Author: Joe Weber
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