Alamogordo man pleads guilty to pandemic-era loan fraud

ALAMOGORDO, N.M. (KRQE) – An Alamogordo man pleaded guilty to defrauding the federal government and financial institutions of more than half a million dollars in COVID-19 pandemic loans that he then used to cover personal expenses. Scott Spiro, 63, created several shell companies that were not legitimate businesses and falsified records to submit fraudulent Paycheck [...]