Maple Grove man charged with defrauding federal Paycheck Protection Program of more than $500,000

A Maple Grove man was charged Monday with defrauding more than half a million dollars from the federal Paycheck Protection Program, a key source of assistance for businesses struggling during the pandemic.

Aditya Raj Sharma, 47, has been charged with one count of wire fraud, Minnesota U.S. Attorney Erica MacDonald announced Monday.

Sharma had been terminated from a leadership position at a cloud-based software development company called Crosscode Inc. in November 2019, according to an unsealed federal indictment. In April, he submitted a loan application seeking approximately $562,500 for a new cloud-computing technology company called Kloudgaze Inc.

https://www.startribune.com/maple-grove-man-charged-with-defrauding-federal-paycheck-protection-program-of-more-than-500-000/573097291/