An Austin man is accused of defrauding the federal government out of money meant to support businesses affected by the pandemic. Federal prosecutors say 51-year-old Michael George McQuarn bilked the Small Business Administration's Paycheck Protection Program out of more than two million dollars. McQuarn reportedly submitted applications for Vantastic Voyages and Happy Days Movers, two businesses that don't exist. McQuarn reportedly used the funds to buy a Rolls Royce, a 26-foot boat, and other items. He could face 25 years in prison if convicted of wire fraud and making false statements to the SBA.
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