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Mass. U.S. Attorney: Massachusetts Business Owner Indicted for Over $18 Million Paycheck Protection Program Fraud
September 14, 2024
BOSTON, Massachusetts, Sept. 14 -- The office of the U.S. Attorney for the District of Massachusetts issued the following news release:

A Carlisle man has been indicted by a federal grand jury for allegedly submitting fraudulent Paycheck Protection Program (PPP) loan applications on behalf of multiple companies he owns and controls.

Durgaprasad Rao, 65, was charged with four counts of wire fraud and three counts of money laundering. In May 2024, Rao was arrested and ch . . .

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