SAN ANTONIO – A federal grand jury indicted a San Antonio man who allegedly devised a scheme to protected millions in budget from COVID-era systems aimed toward offering reduction to small trade homeowners.
James Michael Bergeron, 42, is charged with 11 counts associated with cord fraud and cash laundering, U.S. Attorney Jaime Esparza of the Western District of Texas mentioned in a news unencumber.
According to courtroom paperwork, Bergeron received the cash throughout the Paycheck Protection Program and the Restaurant Revitalization Fund by way of misrepresenting the selection of employees he hired and the common per thirty days payroll paid out by way of quite a lot of entities he managed. He additionally misrepresented the yearly earnings for one of the vital entities, the news unencumber mentioned.
Bergeron spent the cash on actual property, cars and retail funding merchandise, courtroom paperwork mentioned.
The defendant made his preliminary courtroom look Monday earlier than a U.S. Magistrate.
If convicted, Bergeron faces a most penalty of 30 years in jail.
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