Man pleads guilty to lying to get $1.2 million COVID-19 relief loans

Mary Rose Corkery, DCNF

A 46-year-old Wisconsin man pleaded guilty on Tuesday fraudulently obtaining more than $1.2 million in COVID-19 relief loans, the Justice Department said in a press release.

Thomas Smith admitted to lying about payroll expenses for eight different companies in order to receive more than $1.2 million of the relief, his guilty plea said, according to the press release.

Smith admitted to receiving a share of the Paycheck Protection Program (PPP) funds from the companies involved in the plot and used the money towards “personal expenses.”

Smith pleaded guilty to one count of bank fraud and is scheduled for sentencing June 2, according to the press release.

The PPP was included in the Coronavirus Aid, Relief, and Economic Security (CARES) Act, which distributed over $2 trillion to aid hospitals, workers and people needing help in the U.S. The CARES Act was effective on March 29, 2020 to help “millions of Americans” affected by the economic repercussions of the COVID-19 pandemic, according to the press release.

Congress approved the PPP to assist small business owners in paying rent and paying their workers.

A Florida man pleaded guilty on Feb. 10 for using fraudulently accessed PPP funds to buy a Lamborghini, officials announced in another Justice Department press release.

The Justice Department didn’t immediately respond to a request for comment.

For licensing opportunities of our original content, please contact [email protected].


Please help us! If you are fed up with letting radical big tech execs, phony fact-checkers, tyrannical liberals and a lying mainstream media have unprecedented power over your news please consider making a donation to BPR to help us fight them. Now is the time. Truth has never been more critical!

Success! Thank you for donating. Please share BPR content to help combat the lies.


We have no tolerance for comments containing violence, racism, profanity, vulgarity, doxing, or discourteous behavior. If a comment is spam, instead of replying to it please click the ∨ icon below and to the right of that comment. Thank you for partnering with us to maintain fruitful conversation.

PLEASE JOIN OUR NEW COMMENT SYSTEM! We love hearing from our readers and invite you to join us for feedback and great conversation. If you've commented with us before, we'll need you to re-input your email address for this. The public will not see it and we do not share it.

Latest Articles