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NEW ORLEANS (AP) - A Mississippi man has been charged with
fraudulently receiving $138,400 in federal loan money after
Hurricane Katrina.
The federal charges filed Thursday in New Orleans against
45-year-old John Peters, of Moss Point, Miss., carry a maximum
sentence of 10 years in prison and a $250,000 fine.
Peters secured home and business loans from the Small Business
Administration after the August 2005 hurricane, but prosecutors
said he knew he wasn’t entitled to the money.
A sentencing date has not been set.
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