New York woman who tapped pandemic relief loans heads to jail
ALBANY — A Guilderland woman who scammed more than $1.6 million in pandemic-related relief loans meant to help businesses in need was sentenced to a year and four months behind bars on Tuesday as a judge called his crime “the most outrageous conduct I have ever seen”. .”
Debra Hackstadt, 68, who admitted to fabricating and grossly overestimating her number of employees, payroll and sole proprietorships on 32 loan applications, must pay $1,696,324 in restitution under the sentence imposed by the U.S. District Judge Glenn Suddaby. The judge also imposed two years of probation. when Hackstadt’s prison term ends.