Bowling Green woman pleads guilty to CARES Act fraud, faces 180 years in prison
Bowling Green, Kentucky – Mandy Ellen Bauer, age 41, pleaded guilty to an Information charging her with 9 counts of fraud related to various CARES Act financial assistance programs.
According to court documents, between April and July 2020, Bauer, of Greensburg, Kentucky filed 9 fraudulent applications for various CARES Act financial assistance programs, including Paycheck Protection Program (PPP) loans, Economic Injury Disaster Loans (EIDL), and advance payment of tax credits, resulting in an attempted theft of over $230,000.
Bauer exaggerated the gross revenues, number of employees, and payroll of her company, Family Personal Sales, in the fraudulent applications.
PPP loans were designed to provide a direct incentive for small businesses to keep their workers on the payroll. Under this program, the Small Business Administration (SBA) would forgive all or part of loans if all employees were kept on the payroll for eight weeks and borrowers submitted documentation confirming that the loan proceeds were used for payroll, rent, mortgage interest, or utilities.
Bauer waived an Indictment and pleaded guilty to a nine count Information charging her with wire fraud in violation of Title 18, United States Code, Section 1343.
Bauer made her initial court appearance and pleaded guilty on February 2, 2022, in the United States District Court for the Western District of Kentucky. A sentencing hearing is currently scheduled for May 11, 2022. Bauer faces a maximum of 180 years in prison. A federal district court judge will determine any sentence after considering the U.S. Sentencing Guidelines and other statutory factors.
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Key Facts
- State: Kentucky
- Category: Fraud & Financial Crimes
- Source: DOJ Press Release â†â€â€
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