Source: United States Department of Justice Criminal Division
ABINGDON, Va. – A Tennessee man, whose non-profit had no revenue and no employees when he fraudulently received a CARES Act loan intended to help small businesses, pled guilty yesterday in federal court.Paul Eugene Welborn Jr., 67, of Mountain City, Tenn., pled guilty to wire fraud related to misrepresentations he made on his application for a CARES Act loan.