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Justice Department indicts Minnesota contractor for $841K PPP loan fraud

Dive Transient:

  • The U.S. Division of Justice (DOJ)  has indicted a St. Paul, Minnesota, contractor for allegedly defrauding the Paycheck Defense Application, a specific constrained financial loan initiative meant to provide economical reduction to firms negatively impacted by the COVID-19 pandemic. 
  • U.S. Legal professional Erica H. MacDonald explained in a statement that Kyle William Brenizer applied for and obtained an $841,000 PPP financial loan beneath the identify of his defunct development business, Accurate-Reduce Building LLC. 
  • As component of the PPP application course of action, prosecutors allege that Brenizer submitted false personnel and expense data, as perfectly as fraudulent economical and
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