Overview
- A federal judge in Fort Worth sentenced Hockridge to 120 months in prison and imposed nearly $64 million in restitution, followed by two years of supervised release.
- A jury in June found her guilty of conspiracy to commit wire fraud and acquitted her on four substantive wire-fraud counts.
- Prosecutors said she and co-conspirators fabricated payroll, tax and bank records, collected kickbacks from borrowers, and ran a “VIPPP” referral operation that coached false applications.
- Authorities said the group processed more than $63 million in fraudulent PPP loans; the court requested she serve her term at Federal Prison Camp Bryan, with surrender set for Dec. 30.
- Co-founder and husband Nathan Reis pleaded guilty in August and is set for sentencing in December, as congressional investigators previously flagged Blueacorn’s scale and fee-driven focus during PPP.