2 accused of fraudulently obtaining $2.2M in COVID-19 loans

PORTLAND, Ore. (AP) — Two men are accused of converting for personal use over $2.2 million in loans meant to help small businesses during the coronavirus pandemic. The Oregonian/OregonLive reports Andrew Aaron Lloyd, of Lebanon, and Russell Schort, of Myrtle Creek, are charged with wire fraud, bank fraud and money laundering in federal court in Eugene. The FBI started investigating after receiving information that the men fraudulently obtained Paycheck Protection Program loans, which were authorized by the federal Coronavirus Aid, Relief and Economic Security Act, known as CARES. It wasn’t immediately known if the men have attorneys to comment for them.