Houston woman indicted in alleged $3.7M PPP scam

The Justice Department lists some of the purchases as nearly $725,000 for homes in Katy and Cypress, and $78,000 for a 2020 Land Rover.

Video Transcript

- As so many local businesses still struggling during the pandemic we have new insight now into what a Houston woman is accused of buying in an alleged PPP scam. The Justice Department indicted LaDonna Wiggins with bank fraud, making a false statement to a bank, and money laundering. The feds say Wiggins has submitted two Paycheck Protection Program loan applications and received more than $3.6 million. She also allegedly used that money to make personal purchases, rather than for legitimate business purposes.

The Justice Department lists some of the purchases as nearly $725,000 for homes in Katy and Cypress, $78,000 for a 2020 Land Rover, $63,000 at Chanel, $46,000 at Neiman Marcus, $14,000 at an Apple Store, just to name a few. If convicted, Wiggins faces up to 30 years in federal prison and a possible $1 million maximum fine. Just huge PPP scam there.