WELLINGTON — A federal judge has sentenced a former business executive from Wellington to 2.5 years in prison this week for acquiring about $2 million in fraudulent loans through federal programs designed to help small businesses struggling through the COVID-19 pandemic.
Gregory Scott Keough, 57, learned his fate during a sentencing hearing Thursday, Feb. 8, before Judge Donald M. Middlebrooks at the West Palm Beach federal courthouse.
He pleaded guilty in November to two counts of wire fraud and one count of money laundering. Prosecutors said Keough used the bulk of the money for personal expenses, including private school tuition and traveling on private jets.
Private jets, private schools, credit cards: How Wellington CEO spent COVID relief loans
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Source:
The Palm Beach Post
