//7 charged after Upstate drug trafficking investigation reveals Paycheck Protection Program fraud, officials say

7 charged after Upstate drug trafficking investigation reveals Paycheck Protection Program fraud, officials say

Seven people have been arrested and charged in connection to a money laundering scheme involving funds from the Paycheck Protection Program, according to the U.S. attorney’s office.U.S. Attorney Peter M. McCoy Jr. announced the indictment which charges the group with laundering more than $750,000 in fraudulently obtained funds, including more than $390,000 from a Paycheck Protection Program (PPP) loan.Officials say the defendants laundered the money