A New Jersey man accused of earning $71 million in fees in a Paycheck Protection Program fraud scheme was sentenced to four and a half years in prison Thursday, four months after pleading guilty to conspiracy to commit wire fraud in Manhattan federal court.

Rafael Martinez, 57, was arrested in March 2022 and accused of making false representations about his company, MBE Capital Partners, to obtain the U.S. Small Business Administration’s approval of MBE as a non-bank lender for PPP loans during the early days of the COVID-19 pandemic.

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