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Owner of Dallas cryptocurrency company charged with PPP fraud

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The owner of a North Texas cryptocurrency company was federally charged on Wednesday with defrauding the Paycheck Protection Program out of hundreds of thousands of dollars.

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According to the indictment, Corona, who owns a cryptocurrency company called HODL LLC that operates a supposed investment fund called Bitcoin Bank America, allegedly fraudulently applied for two PPP loans totaling over $413,000 through two financial technology companies partnered with lenders.

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