Individual Admits Guilt in $1 Million PPP Loan Fraud Scheme

A U.S. citizen, Jamar J. Johnson, has pleaded guilty to defrauding the Paycheck Protection Program of over $1 million. He submitted fraudulent loan applications for a purported amateur basketball league, diverting the funds for personal use, including cryptocurrency purchases. The Department of Homeland Security announced this guilty plea, which occurred on April 20, 2026.