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ATTORNEY GENERAL

Grand jury indicts Scottsdale man on PPP loan fraud charges

Posted 3/8/23

A state grand jury has indicted a Scottsdale man on 14 counts in connection with the theft of more than $3.7 million from the federal Paycheck Protection Program.

Randy Steven Kaas is alleged to …

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ATTORNEY GENERAL

Grand jury indicts Scottsdale man on PPP loan fraud charges

Posted

A state grand jury has indicted a Scottsdale man on 14 counts in connection with the theft of more than $3.7 million from the federal Paycheck Protection Program.

Randy Steven Kaas is alleged to have taken the money between June 2020 and June 2021, Arizona Attorney General Kris Mayes announced Tuesday.

The grand jury issued its true bill on Jan. 30, indicting Kaas on 14 counts consisting of fraudulent schemes and artifices, forgery and theft in Maricopa County Superior Court.

The allegations involve him taking $3.7 million of federal Paycheck Protection Program loans, authorities said.

The PPP program was established during the COVID-19 pandemic to  assist mainly smal businesses during the economic downturn.

The Arizona Attorney General’s office investigated the case, along with agents from Homeland Security Investigations. Assistant Attorney General Victoria A. Baldner is prosecuting the case.