SALT LAKE CITY — A Utah businessman was once sentenced to a 12 months and a part in jail for fraudulently the usage of nearly part one million bucks of COVID-19 reduction finances.
Troy Campbell, 57, of Taylorsville, pleaded in charge in Would possibly to cord fraud and cash laundering. The U.S. Legal professional’s Workplace for Utah mentioned he performed a scheme to defraud the Paycheck Coverage Program and Small Trade Management.
In general, Campbell got $437,230 in COVID-19 Paycheck Coverage Program mortgage proceeds, which have been applied all through the pandemic to help small companies.
Beginning in July 2020 till early 2023, Campbell sought the loans on behalf of Salt IT Answers LLC, an organization he owned. In his programs, on the other hand, he misrepresented the choice of staff and the per month payroll, submitted faux tax paperwork and “grossly inflated salary data,” the costs state.
Campbell additionally transferred about $75,000 to every other player within the fraud, in line with the costs.
U.S. District Pass judgement on David Barlow sentenced Campbell on Nov. 25 to 18 months in jail plus two years of probation. The pass judgement on additionally ordered Campbell to pay off all $437,230 in restitution.
“Mr. Campbell’s crimes impacted all taxpaying electorate and small industry house owners that legitimately wanted pandemic-related help all through a difficult time,” mentioned U.S. Legal professional Melissa Holyoak of the District of Utah. “My administrative center, at the side of our legislation enforcement companions are dedicated to bringing justice to people who exploited the pandemic for his or her private achieve.”
