Milwaukee man pleads guilty to illegally obtaining $600K in PPP loans

A Milwaukee man accused of illegally obtaining more than $600,000 in federal loans meant for COVID-19 relief pleaded guilty Monday in federal court.

Stephen Smith, 42, pleaded guilty to one count of bank fraud. He is scheduled to be sentenced on July 14.

Authorities say Smith fraudulently sought Paycheck Protection Program loans through applications to an insured financial institution on behalf of three different companies.

The loan applications contained numerous false and misleading statements about the companies’ respective payroll expenses, which led the financial institution to fund the loans, court documents show.

Smith directed his co-conspirators to send him portions of the PPP funds within days of receiving them and used the proceeds for personal expenses, according to the documents.

FREE DOWNLOAD: Get breaking news alerts in the FOX6 News app for iOS or Android

Smith’s attorney, Craig Powell, did not immediately respond to an email request for comment.

DHS: 402 new positive cases of COVID-19 in WI; 3 new deaths

The number of positive cases of COVID-19 in Wisconsin rose by 402 Monday, April 12, state health officials reported, for a total of 585,710.

Study: 80% to 90% of urban WI schools were virtual in December

Almost all urban Wisconsin schools taught their students virtually in December compared with only a fraction or rural schools, according to a study.

COVID-19 vaccine clinic to be held at Mequon City Hall on April 13

Midland Health, a local vaccination company, will be holding a vaccine clinic Tuesday, April 13, with expanded hours from 7 a.m. - 7 p.m. at Mequon City Hall.