Overview
- A federal judge in Fort Worth sentenced Hockridge to 120 months in prison, ordered nearly $64 million in restitution, and imposed two years of supervised release.
- She must surrender on December 30, with the court requesting placement at the Federal Prison Camp in Bryan, Texas.
- A jury in June found her guilty of one count of conspiracy to commit wire fraud and acquitted her on four substantive wire-fraud counts.
- Prosecutors said she and her husband used BlueAcorn to fabricate payroll, tax and bank records, coached borrowers through a VIPPP service, and collected kickbacks, with the scheme tied to more than $63 million in fraudulent loans.
- Her husband, Nathan Reis, pleaded guilty in August and awaits December sentencing, as congressional investigators reported BlueAcorn processed over $1 billion in PPP disbursements and favored larger loans that generated higher fees.