A Highlands Ranch person has been sentenced to 41 months in federal prison for defrauding COVID-19 relief funds totaling much more than $883,000.
Daniel Stonebarger, 50, was sentenced on Thursday in U.S. District Court docket in Denver, in accordance to a Friday news launch from the U.S. Attorney’s Workplace, District of Colorado.
“This defendant took money that was meant to be utilized to deliver emergency monetary aid to compact businesses and people suffering adverse economic outcomes triggered by the COVID-19 pandemic,” stated U.S. Lawyer Cole Finegan, in the release. “Prosecuting pandemic fraud is a priority of the Division of Justice and an ongoing target for investigators here in Colorado.”
Concerning April 5, 2020, and June 10, 2020, Stonebarger submitted numerous fraudulent programs for Economic Personal injury Disaster Loans and Grants (EIDLs and EIDGs), and Paycheck Protection Application loans (PPP) through the Smaller Enterprise Administration (SBA), the release said.
“The defendant utilised new and present organization names to use for these financial loans, and falsified development dates of enterprises, figures of workers, revenues, and charges,” according to the release. These fraudulently received funds totaled $855,252.
Stonebarger also submitted a fraudulent assert with Colorado Pandemic Unemployment Help and illegally gathered $28,142 from the Colorado Division of Labor and Work (CDLE).
Stonebarger applied the sick-gotten gains on various purchases which includes plastic surgical procedures for a relative, body weight decline, jewelry, journey, a Peloton, and vacation and vacation resort expenditures.
U.S. District Court Choose Raymond P. Moore ordered Stonebarger to pay back $794,462 in restitution to the SBA and $28,142 to the CDLE, the release explained. He’ll serve a few many years of supervised launch right after his prison time period.
The Denver Division of the FBI, the U.S. Key Provider, and the Colorado Office of Labor and Employment conducted the investigation. Assistant U.S. lawyers Martha A. Paluch, Sarah H. Weiss, and Tonya S. Andrews prosecuted the situation.