PHOENIX — Former ABC15 News Anchor Stephanie Hockridge was sentenced to 10 years in prison on Friday for a COVID-19 loan scam.

The ex-anchor and co-founder of Blueacorn, a loan processing company that assisted people with filing for paycheck protection program (PPP) loans, was sentenced for one count of conspiracy to commit wire fraud.

She was acquitted on four other counts of wire fraud.

The judge ordered $63 million in restitution in the case, which Hockridge and other defendants will be jointly responsible for paying.

The money will be payable to the Small Business Administration, which ran the PPP loan program.

According to ABC15, Hockridge arrived at the courthouse 30 minutes prior to the start of her hearing.

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