Attorney’s Office in the Central District of California. Prosecutors allege Sadleir filed for more than $1.7 million in forgivable loans from the Paycheck Protection Program (PPP) under the guise of paying his employees. “The Paycheck Protection Program was implemented to help small businesses stay afloat during the financial crisis, and we will act swiftly against those who abuse the program for their own personal gain.”Sadleir’s arrest comes in accordance with a separate criminal complaint filed by federal prosecutors in New York, who allege the executive was also engaged in multiple fraudulent schemes relating to investments at Aviron Pictures and its affiliated entities.
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