Former ABC anchor Stephanie Hockridge and her husband face charges for exploiting the COVID-19 Paycheck Protection Program (PPP), submitting fraudulent loans, and charging illegal fees.

Investigations revealed systemic failures at BlueAcorn, where Hockridge played a key role, mishandling legitimate loans while profiting personally.

The case underscores widespread fraud in pandemic relief programs, costing billions and prompting calls for stronger oversight to protect funds for those in need.