Tag Archives: Financial crime

D.A. Vance: Investment Manager Charged for Multimillion-Dollar “PPP” Loan Scam

“As alleged, Mr. Blotnick repeatedly took advantage of a system intended to provide lifelines to small businesses and their employees during the height of the COVID-19 pandemic,” said District Attorney Vance. “At a time when nearly 3,000 businesses were forced to close their doors across New York City, Mr. Blotnick diverted millions in vital PPP funds for his own personal gain.”