OMAHA, Neb. -- An Omaha man has been indicted for bank fraud in connection with a loan application to the Paycheck Protection Program for COVID-19 relief.
His case is believed to be the first of its kind in Nebraska.
According to the indictment, M.A. Yah was the director of "The Heartland News," a non profit newspaper that dissolved in 2019.
The business was reinstated in March 2020, after paying a fee to the Secretary of State.
According to the indictment, Yah requested more than $100,00- to support the paper, overstating the number of employees and payroll.
If convicted, Yah faces up to 30 years in prison and $1 million fine.
This case was investigated by the FBI.