Daniel Stonebarger, 50, was sentenced on Thursday in U.S. District Court in Denver, according to a Friday news release from the U.S. Attorney’s Office, District of Colorado.
“This defendant took money that was supposed to be used to provide emergency financial assistance to small businesses and individuals suffering adverse economic effects caused by the COVID-19 pandemic,” said U.S. Attorney Cole Finegan, in the release. “Prosecuting pandemic fraud is a priority of the Department of Justice and an ongoing focus for investigators here in Colorado.”
Between April 5, 2020, and June 10, 2020, Stonebarger submitted numerous fraudulent applications for Economic Injury Disaster Loans and Grants , and Paycheck Protection Program loans through the Small Business Administration , the release said. “The defendant used new and existing business names to apply for these loans, and falsified creation dates of businesses, numbers of employees, revenues, and costs,” according to the release. These fraudulently obtained funds totaled $855,252.
Stonebarger also filed a fraudulent claim with Colorado Pandemic Unemployment Assistance and illegally collected $28,142 from the Colorado Department of Labor and Employment .
The work of AG Weiser and his office should be commended and supported in further efforts to bring this kind of scum to justice.
go after the bank/fintech that approved this loan. they obviously didn't do their jobs
More government bullshit!
So many businesses owners committed fraud especially Nola Jane restaurant
$250k per year most likely a reduced sentence and good behavior…he will be home in 2 years
Tired of trying to read your articles but then being told I have to be a subscriber. Unfollowing.
State officials did the same, where are the investigations into them? And no, Phil Weiser investigating does not count.