Marshall County residents Bridget Davis and Joey Davis were arrested on financial fraud charges related to the Payroll Protection Program (PPP) funds intended to support businesses during the COVID pandemic. The U.S. Department of Justice has charged them with wire fraud, conspiracy to commit wire fraud, conspiracy to commit money laundering, and money laundering.
The Davises face severe penalties, with the maximum sentence for conspiracy and wire fraud violations being 30 years. Money laundering charges could add another 20 years to their prison time. The case, uncovered during a civil investigation, is being prosecuted by the U.S. Attorney’s Office for the Northern District of Mississippi.
The investigation was carried out by the Department of Homeland Security, highlighting the ongoing efforts to prevent fraud related to pandemic relief programs. The Davises are accused of exploiting the PPP system meant to help small businesses.
