LONDON, Ky. (WYMT) - One London man was sentenced to 22 months in prison for his role in a conspiracy to commit money laundering of fraudulently obtaining COVID relief loans.

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According to Joshua Pennington’s plea agreement, his co-defendant, Nicole Pennington, made materially false statements on applications for Small Business Administration loans made available to qualified applicants in response to the COVID-19 pandemic.

Six of the loan applications were approved for a total of $1,090,398.35 in fraudulently obtained SBA loa proceeds.

Between May 2020 and June 2021, Pennington and his co-defendant knowingly laundered more than $1,000,000 in criminally derived funds, through transactions more than $1

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