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Chili man accused of fraud

Fake PPP loan applications submitted

A Chili man is facing federal charges for allegedly fraudulently obtaining loans through a federal program created to help businesses survive the COVID-19 pandemic. Michael Rech is accused of wire fraud and money laundering for applying for and obtaining three loans totaling $277,500 between April 2020 and February 2021. “Rech misrepresented the number of employees, amount of ...