Wooden judge gavel and US money dollar bills Source: Adobe Stock.

A Vermont business owner will be heading to federal prison in May for fraudulently obtaining a Paycheck Protection Program (PPP) loan from a credit union and using most of the funds to buy a new house, according to the U.S. Attorney’s Office in Burlington.

Federal Judge William K. Sessions III sentenced Dennis Duffy II, 40, of South Burlington, to 12 months and one day in prison on March 13. Duffy pleaded guilty to one felony count of credit union loan fraud and one felony count of money laundering. His case was the first pandemic-related fraud prosecution to be filed in Vermont federal court, federal prosecutors said.

Peter Strozniak

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