Macomb pizza entrepreneur charged in virus loan program fraud
Written by Luck on November 12, 2020
A Macomb Township entrepreneur has been charged in connection to an alleged scheme to obtain greater than $931,000 in federal funds used to assist companies throughout the coronavirus pandemic, authorities introduced Thursday.
Michael Bischoff faces one depend of financial institution fraud, stated the U.S. Legal professional’s Workplace for the Japanese District of Michigan in a press release.
Prosecutors declare the 60-year-old proprietor of a number of eating places in Macomb County, together with Passport Pizza, sought not less than 9 loans beneath the Paycheck Safety Program overseen by the Small Enterprise Administration.
In every utility filed between June four and Aug. 2, the businessman is alleged to have “falsely represented the quantity of payroll and the variety of staff working for the Bischoff Entities,” in keeping with a submitting in U.S. District Courtroom.
Some purposes “included false documentation, purportedly from the IRS, to assist the misrepresentations about payroll bills at these entities,” and in as many as six, Bischoff allegedly “fraudulently used one other particular person’s private figuring out info to safe approval for the loans,” authorities stated.
Bischoff allegedly acquired greater than half of the cash, which he’s required to forfeit, in keeping with court docket paperwork.
The legal professional listed as representing him didn’t instantly reply to a request for remark Thursday evening.
The court docket submitting is titled a legal “info,” which implies a responsible plea is probably going, the Related Press reported.
The case follows others in Metro Detroit involving fraudulent PPP loan claims.
— to www.detroitnews.com
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