The SBA’s Payment Protection Program was among the lifelines established to help struggling businesses during the height of the pandemic.
ST PAUL, Minn. — The Minnesota-based U.S. Attorney’s Office says a St. Paul man has pleaded guilty to charges of fraud, money laundering and aggravated identity theft in a scheme to defraud over $840,000 in COVID relief money from the Small Business Administration’s Payment Protection Program.
Authorities say Kyle William Brenizer, 33, was the former sole proprietor of True-Cut Construction LLC, but was forced by the state to cease doing business in 2018, after which his contractor license expired in December 2019.
Despite this, the attorney’s office says Brenizer attempted to submit false applications to claim around $841,000 in forgivable loans provided to the state…