A shocking case of Covid-era loan fraud has come to light as Jennifer May, 43, of the District of Columbia, pleaded guilty to her role in a scheme that defrauded $1,500,000 in Economic Injury Disaster Loans (EIDL) from the U.S. Government.
According to the U.S. Attorney’s office, May pleaded guilty to an Information charging her with one count of wire fraud before U.S. District Court Judge Christopher R. Cooper, who scheduled sentencing for December 9, 2025. Under the terms of the plea agreement, May must return the $1,500,000 to the United States.
As the founder and owner of Next Level Partners LLC, a consulting firm specializing in assisting campaigns with complying with campaign finance regulations and managing their accounts payable functions, May applied for a second modification to an original EIDL application in October 2021. She requested an additional $1,500,000 in EIDL funds for Next Level Partners, which was intended to be used for working capital to make regular payments for operating expenses.
However, May had other plans for the funds. She falsely certified on loan applications that she would use all loan proceeds only for business-related purposes. Instead, she misappropriated the funds to speculate on cryptocurrency and to pay for unrelated business ventures and other personal expenditures. This blatant abuse of the EIDL program, which was designed to help small businesses affected by the Covid-19 pandemic, is a stark reminder of the need for vigilance in preventing fraud.
The investigation into May’s activities was conducted by the U.S. Postal Inspection Service and the IRS-CI, and the case is being prosecuted by Assistant U.S. Attorney Will Hart of the Fraud, Public Corruption, and Civil Rights Section. The case number is 25cr0211, and it serves as a warning to those who would seek to exploit government programs for personal gain.
The guilty plea is a significant step towards holding May accountable for her actions, and the return of the $1,500,000 to the United States is a crucial part of the plea agreement. As the case moves towards sentencing, it will be important to watch for any further developments and to see how the court ultimately decides to punish May for her role in the scheme.
In the meantime, the case serves as a reminder of the importance of integrity and honesty in business and government dealings. The EIDL program was designed to help small businesses in a time of need, and it is unacceptable that May would seek to exploit it for her own personal gain. As the investigation and prosecution of this case demonstrate, those who engage in such behavior will be held accountable to the full extent of the law.
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Key Facts
- State: Washington DC
- Agency: DOJ USAO
- Category: Fraud & Financial Crimes
- Source: Official Source ↗
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