What was the Phoenix man sentenced for?

He was sentenced in a case involving Paycheck Protection Program loans. The excerpt says the loans were spent on cosmetic dentistry and cryptocurrency.

What did the PPP loan money reportedly pay for?

According to the excerpt, the money was spent on cosmetic dentistry and cryptocurrency.

How long was the Phoenix man sentenced to prison?

The excerpt confirms that he was sentenced, but it does not provide the length or terms of the sentence.

Phoenix man who spent PPP loans on cosmetic dentistry, cryptocurrency sentenced

PHOENIX (AZFamily) — A Phoenix man who admitted to submitting false applications to receive more than $1 million in federal Paycheck Protection Program loans has been sentenced to prison.

Jamar Johnson, 54, pleaded guilty to wire fraud and will spend 15 months behind bars, followed by three years of probation.

Johnson submitted applications stating that his company had 73 employees and more than $4.8 million in payroll expenses, even though the company had zero employees and zero payroll expenses.

Johnson received $1,007,650 through two loans and used the funds to buy cryptocurrency, a car, and cosmetic dentistry, prosecutors said. He must now repay more than $1 million to the Small Business Administration as part of his sentence.

PPP loans were meant to provide emergency financial aid to small businesses during the COVID-19 pandemic.

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