Gurjeet Bath, 37, of Fresno, California, pleaded guilty recently to one count of theft of government property, Acting U.S. Attorney Michele Beckwith announced.
According to court documents, Bath and other family members operated two trucking businesses: G.S. Bath Inc. and Complete Transportation Solutions (CTS), operating in Fresno County.
In 2020 and 2021, during the COVID-19 pandemic, Bath applied for and received three federal PPP loans totaling over $1 million. To obtain the loans, Bath knowingly falsified records to inflate his businesses’ employees and their wages.
Bath used approximately $600,000 of those funds to purchase two parcels of agricultural land in Fresno County, according to court documents.
Bath is scheduled to be sentenced by U.S. District Judge Jennifer L. Thurston on Oct. 6.. He faces a maximum statutory penalty of 10 years in prison and a $250,000 fine.
Two parking companies join forces
LAZ Parking, a major operator of parking facilities, recently announced it has acquired a majority interest in Freight Ninja, a provider of truck, trailer, and fleet parking management solutions.
Based in Lombard, Illinois, Freight Ninja operates a network of 50 leased or managed industrial outdoor storage (IOS) locations across the United States. Established in 2022, the company offers an array of services ranging from full-scale management of an entire facility to more specialized support such as market analysis, layout optimization, and security planning.
Under the agreement with LAZ, Freight Ninja will have access to the financial and operational support needed to accelerate its growth. For LAZ, it’s an opportunity to diversify into a fast-growing market that aligns well with LAZ Parking’s existing business.
Freight Ninja oversees facilities with over 300 acres of property and 10,000 parking spaces. Under the deal, the company will have access to LAZ home office services such as human resources, insurance, accounting, tax, treasury, compliance, and IT.
ICYMI
Kenny Ziglar II’s 2007 Peterbilt 379 wins Best of Show at SuperRigs
Love’s improves 7 existing stores; adds RV hookups, amenities to 6 more
CVSA’s Brake Safety Week set for Aug. 24-30; focus on drums and rotors
Credit: Source link
