Charlotte man poses as loan consultant in $1 million fraudulent COVID-19 scheme

WSOCTV.com News Staff

A Charlotte business owner pleaded guilty Monday to a more than $1 million COVID-19 fraud scheme.

Charlotte business owner indicted in $1.2M COVID loan fraud scheme

Glenn Hubbard, 46, posed as a disaster relief loan consultant and submitted false loan applications for himself and other businesses, according to the Department of Justice.

He received more than $570,000 and around $660,000 for his customers.

Hubbard faces a maximum of 30 years in prison.

A Charlotte business owner has been indicted in a COVID-19 fraud scheme. A federal grand jury returned an indictment charging Glynn Paul Hubbard Jr., 45, with wire fraud and money laundering. He’s accused of acquiring more than $1.2 million in fraudulent Paycheck Protection Program (PPP) and Economic Injury Relief Disaster Loan (EIDL) Program loans for himself and his customers.

You can report attempted fraud involving COVID-19 by calling the Department of Justice’s National Center for Disaster Fraud (NCDF) Hotline at 866-720-5721 or by clicking here.