A convicted news anchor is in major legal trouble. A judge ordered her to pay $63 million in restitution and also to spend a decade behind bars.
A court found that the former ABC anchor was guilty of conspiracy to commit wire fraud. This comes after authorities indicted both Stephanie Hockridge and her husband last year. They accused them of defrauding the government’s COVID-era Paycheck Protection Program.
Both pleaded not guilty initially. Prior to the crime, Hockridge worked as a news anchor in Phoenix for several years.
The Department of Justice wrote, “A co-founder of a lender service provider was sentenced to 10 years in prison for participating in a scheme to fraudulently obtain over $63 million in Paycheck Protection Program (PPP) loans guaranteed by the U.S. Small Business Admi

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