The Manhattan District Attorney has filed criminal charges against investment manager Gregory Blotnick of Brattle Street Capital. DA Cy Vance alleges that Blotnick stole over $2.4 million from multiple banks through loan applications for the Paycheck Protection Program.
Q1 2021 hedge fund letters, conferences and more
Blotnick charged in PPP loan "scam"
Blotnick faces multiple counts of second-degree grand larceny and criminal possession of stolen property and one first-degree count of scheme to defraud in a New York County criminal court. In a statement, Vance said Blotnick "repeatedly took advantage of a system intended to provide lifelines to small businesses...
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